Short Interest in First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) Increases By 68.7%

First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 21,520 shares, an increase of 68.7% from the July 15th total of 12,753 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 174,410 shares, the days-to-cover ratio is presently 0.1 days.

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

A number of institutional investors have recently bought and sold shares of FIIG. LPL Financial LLC raised its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 16.0% during the 4th quarter. LPL Financial LLC now owns 4,410,462 shares of the company’s stock valued at $93,502,000 after purchasing an additional 609,714 shares in the last quarter. Morgan Stanley increased its stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 6.7% in the fourth quarter. Morgan Stanley now owns 2,482,467 shares of the company’s stock worth $52,628,000 after purchasing an additional 156,715 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 362.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 2,097,756 shares of the company’s stock worth $44,472,000 after buying an additional 1,644,507 shares during the last quarter. Cetera Investment Advisers boosted its holdings in First Trust Intermediate Duration Investment Grade Corporate ETF by 1.5% in the 1st quarter. Cetera Investment Advisers now owns 1,729,781 shares of the company’s stock valued at $35,893,000 after purchasing an additional 24,855 shares during the period. Finally, Manchester Financial Inc. grew its position in First Trust Intermediate Duration Investment Grade Corporate ETF by 11.5% during the first quarter. Manchester Financial Inc. now owns 1,068,062 shares of the company’s stock worth $22,162,000 after buying an additional 110,570 shares in the last quarter.

First Trust Intermediate Duration Investment Grade Corporate ETF Trading Down 0.3%

Shares of First Trust Intermediate Duration Investment Grade Corporate ETF stock traded down $0.06 on Monday, hitting $20.39. The company had a trading volume of 62,030 shares, compared to its average volume of 193,125. First Trust Intermediate Duration Investment Grade Corporate ETF has a 52 week low of $20.30 and a 52 week high of $21.49. The business has a 50-day simple moving average of $20.59 and a 200-day simple moving average of $20.79.

About First Trust Intermediate Duration Investment Grade Corporate ETF

The First Trust Intermediate Duration Investment Grade Corporate ETF (FIIG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed, investing in a broad portfolio of US investment grade, corporate debt securities. The portfolio aims for a dollar-weighted average maturity between three and ten years FIIG was launched on Aug 2, 2023 and is issued by First Trust.