First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) Sees Significant Growth in Short Interest

First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 57,442 shares, an increase of 382.0% from the August 15th total of 11,917 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 186,402 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of First Trust Intermediate Duration Investment Grade Corporate ETF

Large investors have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC grew its position in First Trust Intermediate Duration Investment Grade Corporate ETF by 362.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 2,097,756 shares of the company’s stock valued at $44,472,000 after acquiring an additional 1,644,507 shares in the last quarter. LPL Financial LLC lifted its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 16.0% during the fourth quarter. LPL Financial LLC now owns 4,410,462 shares of the company’s stock worth $93,502,000 after purchasing an additional 609,714 shares in the last quarter. Manchester Financial Inc. lifted its holdings 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 worth $20,299,000 after buying an additional 373,627 shares in the last quarter. Stephens Inc. AR boosted its holdings in First Trust Intermediate Duration Investment Grade Corporate ETF by 80.4% in the first quarter. Stephens Inc. AR now owns 761,660 shares of the company’s stock valued at $15,804,000 after purchasing an additional 339,533 shares during the last quarter. Finally, Mach 1 Financial Group LLC purchased a new position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF during the 4th quarter valued at approximately $6,663,000.

First Trust Intermediate Duration Investment Grade Corporate ETF Price Performance

Shares of First Trust Intermediate Duration Investment Grade Corporate ETF stock traded up $0.01 during trading hours on Friday, hitting $20.11. The company’s stock had a trading volume of 129,010 shares, compared to its average volume of 189,577. The business has a fifty day moving average of $20.45 and a 200 day moving average of $20.68. First Trust Intermediate Duration Investment Grade Corporate ETF has a 1-year low of $20.10 and a 1-year high of $21.49.

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.