Short Interest in FT Vest Investment Grade & Target Income ETF (NYSEARCA:LQTI) Grows By 1,027.9%

FT Vest Investment Grade & Target Income ETF (NYSEARCA:LQTI) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 20,640 shares, a growth of 1,027.9% from the August 15th total of 1,830 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 64,050 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of FT Vest Investment Grade & Target Income ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Kestra Advisory Services LLC acquired a new stake in shares of FT Vest Investment Grade & Target Income ETF in the 4th quarter valued at about $216,000. Integrated Wealth Concepts LLC acquired a new position in FT Vest Investment Grade & Target Income ETF during the fourth quarter worth approximately $251,000. Ameritas Advisory Services LLC purchased a new stake in FT Vest Investment Grade & Target Income ETF in the second quarter valued at approximately $308,000. Envestnet Asset Management Inc. purchased a new stake in FT Vest Investment Grade & Target Income ETF in the third quarter valued at approximately $336,000. Finally, IFP Advisors Inc boosted its holdings in shares of FT Vest Investment Grade & Target Income ETF by 34.9% in the fourth quarter. IFP Advisors Inc now owns 17,329 shares of the company’s stock valued at $349,000 after acquiring an additional 4,483 shares during the period.

FT Vest Investment Grade & Target Income ETF Price Performance

NYSEARCA:LQTI traded down $0.02 during midday trading on Friday, hitting $18.38. 35,117 shares of the company were exchanged, compared to its average volume of 92,646. FT Vest Investment Grade & Target Income ETF has a fifty-two week low of $18.38 and a fifty-two week high of $22.17. The company has a fifty day simple moving average of $18.79 and a 200 day simple moving average of $19.25.

About FT Vest Investment Grade & Target Income ETF

The FT Vest Investment Grade & Target Income ETF (LQTI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that seeks to provide current income and capital appreciation through a synthetic long exposure to the iShares iBoxx Investment Grade Corporate Bond ETF (LQD) and a partial covered call strategy. It seeks an annual rate of approximately 5% over LQDs current annual yield. LQTI was launched on Feb 12, 2025 and is issued by First Trust.