First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Short Interest Up 96.5% in April

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 155,264 shares, an increase of 96.5% from the April 15th total of 79,019 shares. Based on an average daily trading volume, of 307,183 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the company’s stock are short sold.

First Trust Limited Duration Investment Grade Corporate ETF Stock Performance

NYSEARCA:FSIG opened at $18.90 on Tuesday. The company’s 50 day moving average price is $18.98 and its 200-day moving average price is $19.11. First Trust Limited Duration Investment Grade Corporate ETF has a 52 week low of $18.80 and a 52 week high of $19.33.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Godfrey Financial Associates Inc. purchased a new stake in First Trust Limited Duration Investment Grade Corporate ETF in the fourth quarter worth approximately $36,000. Geneos Wealth Management Inc. boosted its holdings in First Trust Limited Duration Investment Grade Corporate ETF by 68.7% in the second quarter. Geneos Wealth Management Inc. now owns 2,871 shares of the company’s stock worth $55,000 after purchasing an additional 1,169 shares during the last quarter. Triumph Capital Management purchased a new stake in First Trust Limited Duration Investment Grade Corporate ETF in the third quarter worth approximately $91,000. Advisory Services Network LLC purchased a new stake in First Trust Limited Duration Investment Grade Corporate ETF in the third quarter worth approximately $143,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in First Trust Limited Duration Investment Grade Corporate ETF by 5,283.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 7,806 shares of the company’s stock worth $150,000 after purchasing an additional 7,661 shares during the last quarter.

About First Trust Limited Duration Investment Grade Corporate ETF

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.