First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Short Interest Up 261.4% in July

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 18,766 shares, an increase of 261.4% from the June 30th total of 5,193 shares. Based on an average trading volume of 546,850 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

First Trust Limited Duration Investment Grade Corporate ETF Stock Performance

NYSEARCA:FSIG traded up $0.03 on Friday, hitting $18.75. 266,076 shares of the stock were exchanged, compared to its average volume of 425,383. The stock has a fifty day moving average of $18.88 and a 200-day moving average of $19.01. First Trust Limited Duration Investment Grade Corporate ETF has a fifty-two week low of $18.71 and a fifty-two week high of $19.33.

Institutional Trading of First Trust Limited Duration Investment Grade Corporate ETF

A number of institutional investors have recently modified their holdings of the company. Dynamic Advisor Solutions LLC purchased a new position in First Trust Limited Duration Investment Grade Corporate ETF in the second quarter valued at approximately $270,000. Pine Valley Investments Ltd Liability Co grew its stake in First Trust Limited Duration Investment Grade Corporate ETF by 40.8% during the first quarter. Pine Valley Investments Ltd Liability Co now owns 23,690 shares of the company’s stock worth $449,000 after buying an additional 6,866 shares during the period. Parallel Advisors LLC acquired a new stake in shares of First Trust Limited Duration Investment Grade Corporate ETF in the first quarter worth $333,000. NewEdge Advisors LLC increased its position in shares of First Trust Limited Duration Investment Grade Corporate ETF by 2.2% in the first quarter. NewEdge Advisors LLC now owns 394,212 shares of the company’s stock worth $7,466,000 after acquiring an additional 8,600 shares in the last quarter. Finally, Western Wealth Management LLC purchased a new position in shares of First Trust Limited Duration Investment Grade Corporate ETF in the 1st quarter valued at $41,000.

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.