First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Shares Shorted: Short Interest Up 746.7% in September

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 383,168 shares, an increase of 746.7% from the September 15th total of 45,252 shares. Based on an average daily volume of 400,697 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.5% of the company’s stock are sold short.

First Trust Limited Duration Investment Grade Corporate ETF Stock Performance

FSIG stock opened at $18.47 on Friday. The stock’s 50 day moving average is $18.66 and its two-hundred day moving average is $18.82. First Trust Limited Duration Investment Grade Corporate ETF has a 52-week low of $18.34 and a 52-week high of $19.33.

Institutional Trading of First Trust Limited Duration Investment Grade Corporate ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC bought a new position in First Trust Limited Duration Investment Grade Corporate ETF during the 2nd quarter worth approximately $10,607,000. First Trust Advisors LP raised its position in shares of First Trust Limited Duration Investment Grade Corporate ETF by 14.0% during the 1st quarter. First Trust Advisors LP now owns 3,272,845 shares of the company’s stock valued at $61,988,000 after acquiring an additional 400,983 shares in the last quarter. Kintra Wealth LLC bought a new position in First Trust Limited Duration Investment Grade Corporate ETF during the second quarter worth $6,493,000. Royal Bank of Canada boosted its holdings in First Trust Limited Duration Investment Grade Corporate ETF by 2.7% in the first 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 period. Finally, Assetmark Inc. increased its stake in First Trust Limited Duration Investment Grade Corporate ETF by 9.5% during the first quarter. Assetmark Inc. now owns 604,643 shares of the company’s stock valued at $11,452,000 after purchasing an additional 52,447 shares during the last quarter.

About First Trust Limited Duration Investment Grade Corporate ETF

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.