FT Vest Investment Grade & Target Income ETF (NYSEARCA:LQTI) Shares Shorted: Short Interest Up 26,582.1% in October

FT Vest Investment Grade & Target Income ETF (NYSEARCA:LQTI) was the recipient of a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 20,812 shares, a growth of 26,582.1% from the October 15th total of 78 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 171,235 shares, the days-to-cover ratio is currently 0.1 days.

FT Vest Investment Grade & Target Income ETF Trading Down 0.7%

Shares of NYSEARCA LQTI traded down $0.12 during mid-day trading on Tuesday, reaching $18.20. The company had a trading volume of 125,549 shares, compared to its average volume of 102,663. FT Vest Investment Grade & Target Income ETF has a 52 week low of $17.80 and a 52 week high of $22.17. The business’s 50-day moving average is $18.26 and its 200-day moving average is $19.12.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Rise Advisors LLC lifted its position in shares of FT Vest Investment Grade & Target Income ETF by 7.1% in the 3rd quarter. Rise Advisors LLC now owns 1,049,625 shares of the company’s stock worth $18,956,000 after purchasing an additional 69,811 shares during the period. Commonwealth Equity Services LLC acquired a new position in FT Vest Investment Grade & Target Income ETF during the 3rd quarter valued at about $13,644,000. Bullseye Investment Management LLC purchased a new stake in FT Vest Investment Grade & Target Income ETF in the second quarter valued at about $11,802,000. Cetera Investment Advisers raised its stake in FT Vest Investment Grade & Target Income ETF by 126.2% in the first quarter. Cetera Investment Advisers now owns 469,083 shares of the company’s stock valued at $9,185,000 after buying an additional 261,680 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in FT Vest Investment Grade & Target Income ETF by 3.1% in the second quarter. Envestnet Asset Management Inc. now owns 221,998 shares of the company’s stock worth $4,287,000 after acquiring an additional 6,702 shares in the last quarter.

About FT Vest Investment Grade & Target Income ETF

The FT Vest Investment Grade & Target Income ETF (LQTI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that seeks to provide current income and capital appreciation through a synthetic long exposure to the iShares iBoxx Investment Grade Corporate Bond ETF (LQD) and a partial covered call strategy. It seeks an annual rate of approximately 5% over LQDs current annual yield. LQTI was launched on Feb 12, 2025 and is issued by First Trust.