Short Interest in First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) Drops By 84.8%

First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) saw a significant decline in short interest in July. As of July 15th, there was short interest totaling 12,753 shares, a decline of 84.8% from the June 30th total of 83,919 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 175,547 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

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

First Trust Intermediate Duration Investment Grade Corporate ETF Price Performance

Shares of NYSEARCA FIIG traded up $0.03 on Friday, hitting $20.36. The company had a trading volume of 423,906 shares, compared to its average volume of 200,941. First Trust Intermediate Duration Investment Grade Corporate ETF has a 12-month low of $20.30 and a 12-month high of $21.49. The business has a 50 day moving average of $20.64 and a two-hundred day moving average of $20.87.

About First Trust Intermediate Duration Investment Grade Corporate ETF

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.