First Trust Bloomberg Inflation Sensitive Equity ETF (NYSEARCA:FTIF) Sees Large Increase in Short Interest

First Trust Bloomberg Inflation Sensitive Equity ETF (NYSEARCA:FTIF) saw a significant increase in short interest in April. As of April 30th, there was short interest totaling 8,515 shares, an increase of 158.0% from the April 15th total of 3,301 shares. Approximately 5.7% of the shares of the stock are sold short. Based on an average daily volume of 2,541 shares, the days-to-cover ratio is currently 3.4 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in First Trust Bloomberg Inflation Sensitive Equity ETF stock. International Assets Investment Management LLC bought a new stake in shares of First Trust Bloomberg Inflation Sensitive Equity ETF (NYSEARCA:FTIF) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,575 shares of the company’s stock, valued at approximately $104,000. International Assets Investment Management LLC owned about 9.15% of First Trust Bloomberg Inflation Sensitive Equity ETF as of its most recent filing with the Securities & Exchange Commission.

First Trust Bloomberg Inflation Sensitive Equity ETF Stock Down 0.4%

First Trust Bloomberg Inflation Sensitive Equity ETF stock traded down $0.10 during mid-day trading on Friday, reaching $28.17. 1,022 shares of the company’s stock traded hands, compared to its average volume of 3,519. The company has a market cap of $4.23 million, a price-to-earnings ratio of 17.44 and a beta of 0.69. The stock has a 50 day moving average of $27.28 and a two-hundred day moving average of $25.03. First Trust Bloomberg Inflation Sensitive Equity ETF has a 12-month low of $20.50 and a 12-month high of $29.25.

About First Trust Bloomberg Inflation Sensitive Equity ETF

The First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an equal-weighted index of US large- and mid-cap stocks considered to benefit directly or indirectly from inflation increases. Selection of individual holdings are based on both fundamental and technical criteria. FTIF was launched on Mar 13, 2023 and is managed by First Trust.