Short Interest in First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) Drops By 80.8%

First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) was the recipient of a large drop in short interest in April. As of April 15th, there was short interest totaling 15,173 shares, a drop of 80.8% from the March 31st total of 78,872 shares. Based on an average trading volume of 183,826 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On First Trust Intermediate Duration Investment Grade Corporate ETF

Large investors have recently modified their holdings of the company. Cullen Frost Bankers Inc. purchased a new position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF during the 3rd quarter valued at about $32,000. Aptus Capital Advisors LLC purchased a new position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF during the 4th quarter valued at about $32,000. Advisory Services Network LLC purchased a new position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF during the 3rd quarter valued at about $61,000. Roxbury Financial LLC purchased a new position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF during the 1st quarter valued at about $62,000. Finally, Allworth Financial LP purchased a new position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF during the 3rd quarter valued at about $64,000.

First Trust Intermediate Duration Investment Grade Corporate ETF Stock Performance

Shares of NYSEARCA FIIG traded up $0.04 during trading hours on Friday, reaching $20.90. 243,587 shares of the stock traded hands, compared to its average volume of 199,574. First Trust Intermediate Duration Investment Grade Corporate ETF has a 52-week low of $20.30 and a 52-week high of $21.49. The company’s 50-day simple moving average is $20.95 and its two-hundred day simple moving average is $21.12.

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.