First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) Short Interest Up 198.8% in June

First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 26,889 shares, an increase of 198.8% from the May 31st total of 8,999 shares. Based on an average trading volume of 125,202 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Trading of First Trust Intermediate Duration Investment Grade Corporate ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Northeast Planning Associates INC. NH lifted its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 14.4% during the 4th quarter. Northeast Planning Associates INC. NH now owns 385,440 shares of the company’s stock valued at $8,171,000 after acquiring an additional 48,600 shares during the period. TCP Asset Management LLC grew its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 7.0% in the 4th quarter. TCP Asset Management LLC now owns 953,224 shares of the company’s stock worth $20,208,000 after acquiring an additional 62,186 shares during the period. Per Stirling Capital Management LLC. grew its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 5.7% in the 3rd quarter. Per Stirling Capital Management LLC. now owns 716,552 shares of the company’s stock worth $15,212,000 after acquiring an additional 38,690 shares during the period. Kingsview Wealth Management LLC increased its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 157.1% in the 4th quarter. Kingsview Wealth Management LLC now owns 145,239 shares of the company’s stock valued at $3,079,000 after purchasing an additional 88,742 shares in the last quarter. Finally, Manchester Financial Inc. increased its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 64.0% in the 4th quarter. Manchester Financial Inc. now owns 957,492 shares of the company’s stock valued at $20,299,000 after purchasing an additional 373,627 shares in the last quarter.

First Trust Intermediate Duration Investment Grade Corporate ETF Price Performance

Shares of NYSEARCA FIIG traded down $0.04 during trading on Tuesday, hitting $20.75. 61,254 shares of the company were exchanged, compared to its average volume of 202,460. First Trust Intermediate Duration Investment Grade Corporate ETF has a 1 year low of $20.43 and a 1 year high of $21.49. The firm’s fifty day moving average price is $20.74 and its 200 day moving average price is $20.95.

First Trust Intermediate Duration Investment Grade Corporate ETF Company Profile

The First Trust Intermediate Duration Investment Grade Corporate ETF (FIIG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed, investing in a broad portfolio of US investment grade, corporate debt securities. The portfolio aims for a dollar-weighted average maturity between three and ten years FIIG was launched on Aug 2, 2023 and is issued by First Trust.