Short Interest in FT Vest Investment Grade & Target Income ETF (NYSEARCA:LQTI) Drops By 81.8%

FT Vest Investment Grade & Target Income ETF (NYSEARCA:LQTI) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 8,642 shares, a decrease of 81.8% from the December 15th total of 47,455 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 117,768 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 117,768 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On FT Vest Investment Grade & Target Income ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LQTI. Harbour Investments Inc. bought a new stake in FT Vest Investment Grade & Target Income ETF during the 2nd quarter valued at $122,000. Rise Advisors LLC acquired a new position in shares of FT Vest Investment Grade & Target Income ETF during the third quarter valued at $153,000. Sulzberger Capital Advisors Inc. bought a new stake in shares of FT Vest Investment Grade & Target Income ETF during the second quarter valued at about $207,000. Ferguson Shapiro LLC bought a new position in FT Vest Investment Grade & Target Income ETF in the 3rd quarter valued at about $210,000. Finally, LexAurum Advisors LLC acquired a new position in FT Vest Investment Grade & Target Income ETF during the 2nd quarter valued at about $244,000.

FT Vest Investment Grade & Target Income ETF Stock Performance

LQTI stock remained flat at $20.00 during mid-day trading on Tuesday. The company’s stock had a trading volume of 70,565 shares, compared to its average volume of 69,346. FT Vest Investment Grade & Target Income ETF has a 12 month low of $19.45 and a 12 month high of $20.66. The business has a 50 day moving average price of $20.11 and a 200-day moving average price of $20.22.

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.