Short Interest in First Trust Core Investment Grade ETF (NYSEARCA:FTCB) Increases By 88.6%

First Trust Core Investment Grade ETF (NYSEARCA:FTCB) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 476,240 shares, an increase of 88.6% from the July 15th total of 252,460 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily volume of 714,726 shares, the days-to-cover ratio is currently 0.7 days.

First Trust Core Investment Grade ETF Stock Performance

Shares of FTCB stock traded down $0.03 during trading hours on Friday, hitting $20.59. 385,880 shares of the company were exchanged, compared to its average volume of 732,892. First Trust Core Investment Grade ETF has a one year low of $20.45 and a one year high of $21.87. The business’s 50-day simple moving average is $20.73 and its two-hundred day simple moving average is $20.95.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Compass Financial Management LLC bought a new stake in shares of First Trust Core Investment Grade ETF in the 2nd quarter valued at approximately $26,000. Rockefeller Capital Management L.P. bought a new position in First Trust Core Investment Grade ETF during the fourth quarter worth $29,000. Whittier Trust Co. of Nevada Inc. bought a new position in First Trust Core Investment Grade ETF during the first quarter worth $43,000. Torren Management LLC acquired a new position in First Trust Core Investment Grade ETF in the first quarter worth $43,000. Finally, Fifth Third Bancorp acquired a new position in First Trust Core Investment Grade ETF in the first quarter worth $86,000.

First Trust Core Investment Grade ETF Company Profile

The First Trust Core Investment Grade ETF (FTCB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed ETF that provides broad exposure to investment-grade debt securities of various maturities from around the world, including emerging markets. FTCB was launched on Nov 7, 2023 and is issued by First Trust.