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

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 45,252 shares, a decline of 71.8% from the August 31st total of 160,590 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 235,321 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On First Trust Limited Duration Investment Grade Corporate ETF

A number of large investors have recently bought and sold shares of the business. LPL Financial LLC grew its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF by 8.8% during the fourth quarter. LPL Financial LLC now owns 7,681,212 shares of the company’s stock valued at $147,402,000 after purchasing an additional 618,781 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF by 14.0% in the 1st quarter. First Trust Advisors LP now owns 3,272,845 shares of the company’s stock worth $61,988,000 after purchasing an additional 400,983 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF by 2.7% in the 1st quarter. Royal Bank of Canada now owns 2,043,299 shares of the company’s stock worth $38,701,000 after purchasing an additional 54,351 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in First Trust Limited Duration Investment Grade Corporate ETF by 0.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,972,353 shares of the company’s stock valued at $37,189,000 after purchasing an additional 7,017 shares during the period. Finally, Cetera Investment Advisers grew its stake in First Trust Limited Duration Investment Grade Corporate ETF by 2.9% during the 1st quarter. Cetera Investment Advisers now owns 869,667 shares of the company’s stock worth $16,471,000 after buying an additional 24,395 shares during the last quarter.

First Trust Limited Duration Investment Grade Corporate ETF Price Performance

Shares of NYSEARCA:FSIG opened at $18.43 on Friday. The company’s fifty day moving average is $18.73 and its two-hundred day moving average is $18.86. First Trust Limited Duration Investment Grade Corporate ETF has a 1-year low of $18.40 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.