First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Sees Significant Increase in Short Interest

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 127,592 shares, a growth of 579.9% from the July 15th total of 18,766 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 334,706 shares, the short-interest ratio is presently 0.4 days.

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

Several hedge funds and other institutional investors have recently bought and sold shares of FSIG. Godfrey Financial Associates Inc. purchased a new position in shares of First Trust Limited Duration Investment Grade Corporate ETF during the fourth quarter worth approximately $36,000. Western Wealth Management LLC purchased a new stake in First Trust Limited Duration Investment Grade Corporate ETF in the 1st quarter valued at approximately $41,000. Geneos Wealth Management Inc. boosted its stake in shares of 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 valued at $55,000 after buying an additional 1,169 shares in the last quarter. Triumph Capital Management purchased a new stake in shares of First Trust Limited Duration Investment Grade Corporate ETF during the 3rd quarter worth $91,000. Finally, Advisory Services Network LLC purchased a new stake in First Trust Limited Duration Investment Grade Corporate ETF during the third quarter worth about $143,000.

First Trust Limited Duration Investment Grade Corporate ETF Price Performance

Shares of FSIG traded up $0.02 during midday trading on Wednesday, reaching $18.84. The stock had a trading volume of 265,317 shares, compared to its average volume of 410,415. The company’s fifty day simple moving average is $18.85 and its two-hundred day simple moving average is $18.97. First Trust Limited Duration Investment Grade Corporate ETF has a 1-year low of $18.71 and a 1-year high of $19.33.

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.