First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Short Interest Update

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) was the target of a significant drop in short interest in the month of April. As of April 15th, there was short interest totaling 79,019 shares, a drop of 15.0% from the March 31st total of 92,921 shares. Based on an average trading volume of 541,780 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

First Trust Limited Duration Investment Grade Corporate ETF Trading Up 0.1%

Shares of NYSEARCA:FSIG traded up $0.01 during midday trading on Friday, reaching $18.96. 441,516 shares of the company were exchanged, compared to its average volume of 434,213. First Trust Limited Duration Investment Grade Corporate ETF has a fifty-two week low of $18.80 and a fifty-two week high of $19.33. The stock has a fifty day simple moving average of $19.02 and a two-hundred day simple moving average of $19.14.

Institutional Investors Weigh In On First Trust Limited Duration Investment Grade Corporate ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Godfrey Financial Associates Inc. acquired a new stake in shares of First Trust Limited Duration Investment Grade Corporate ETF during the fourth quarter worth $36,000. Geneos Wealth Management Inc. raised its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF by 68.7% during the second quarter. Geneos Wealth Management Inc. now owns 2,871 shares of the company’s stock worth $55,000 after acquiring an additional 1,169 shares during the period. Triumph Capital Management acquired a new stake in First Trust Limited Duration Investment Grade Corporate ETF in the 3rd quarter valued at $91,000. Advisory Services Network LLC acquired a new stake in First Trust Limited Duration Investment Grade Corporate ETF in the 3rd quarter valued at $143,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in First Trust Limited Duration Investment Grade Corporate ETF by 5,283.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,806 shares of the company’s stock valued at $150,000 after buying an additional 7,661 shares during the last quarter.

First Trust Limited Duration Investment Grade Corporate ETF Company Profile

The First Trust Limited Duration Investment Grade Corporate ETF (FSIG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund seeks to provide current income from an actively managed portfolio of short-term US investment-grade corporate bonds. FSIG was launched on Nov 17, 2021 and is managed by First Trust.