First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) Short Interest Update

First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 83,919 shares, an increase of 212.1% from the June 15th total of 26,889 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 198,405 shares, the days-to-cover ratio is currently 0.4 days.

First Trust Intermediate Duration Investment Grade Corporate ETF Stock Down 0.1%

FIIG traded down $0.03 during trading on Monday, reaching $20.55. 23,101 shares of the stock were exchanged, compared to its average volume of 204,283. 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 business’s 50 day moving average price is $20.70 and its two-hundred day moving average price is $20.92.

Institutional Investors Weigh In On First Trust Intermediate Duration Investment Grade Corporate ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Aptus Capital Advisors LLC acquired a new position in First Trust Intermediate Duration Investment Grade Corporate ETF during the fourth quarter worth about $32,000. Advisory Services Network LLC acquired a new stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF in the third quarter valued at approximately $61,000. Allworth Financial LP acquired a new stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF in the third quarter valued at approximately $64,000. Roxbury Financial LLC purchased a new position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF during the 1st quarter worth approximately $62,000. Finally, Private Trust Co. NA raised its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 406.3% during the 4th quarter. Private Trust Co. NA now owns 4,025 shares of the company’s stock worth $85,000 after purchasing an additional 3,230 shares during the last quarter.

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.