First Trust Bloomberg Inflation Sensitive Equity ETF (NYSEARCA:FTIF) Short Interest Down 61.9% in May

First Trust Bloomberg Inflation Sensitive Equity ETF (NYSEARCA:FTIF) saw a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 5,344 shares, a decrease of 61.9% from the May 14th total of 14,025 shares. Based on an average daily trading volume, of 797 shares, the days-to-cover ratio is presently 6.7 days. Currently, 3.6% of the company’s shares are sold short.

First Trust Bloomberg Inflation Sensitive Equity ETF Price Performance

First Trust Bloomberg Inflation Sensitive Equity ETF stock traded up $0.29 during mid-day trading on Friday, reaching $28.31. 94 shares of the company traded hands, compared to its average volume of 3,032. The firm’s 50 day moving average price is $27.90 and its 200 day moving average price is $25.87. The firm has a market capitalization of $4.25 million, a price-to-earnings ratio of 17.44 and a beta of 0.65. First Trust Bloomberg Inflation Sensitive Equity ETF has a 52-week low of $21.11 and a 52-week high of $29.25.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in First Trust Bloomberg Inflation Sensitive Equity ETF stock. International Assets Investment Management LLC acquired a new stake in shares of First Trust Bloomberg Inflation Sensitive Equity ETF (NYSEARCA:FTIF) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 4,575 shares of the company’s stock, valued at approximately $104,000. International Assets Investment Management LLC owned 9.15% of First Trust Bloomberg Inflation Sensitive Equity ETF at the end of the most recent quarter.

First Trust Bloomberg Inflation Sensitive Equity ETF Company Profile

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.