First Trust Balanced Income ETF (NYSEARCA:FTBI) Shares Shorted: Short Interest Down 93.2% in October

First Trust Balanced Income ETF (NYSEARCA:FTBI) was the target of a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 1,932 shares, a drop of 93.2% from the October 15th total of 28,244 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 5,444 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On First Trust Balanced Income ETF

Several hedge funds have recently modified their holdings of FTBI. Integrated Wealth Concepts LLC purchased a new position in shares of First Trust Balanced Income ETF in the 2nd quarter valued at about $89,000. Harbour Investments Inc. purchased a new position in First Trust Balanced Income ETF during the third quarter worth approximately $97,000. Finally, Kestra Advisory Services LLC boosted its position in First Trust Balanced Income ETF by 78.1% during the first quarter. Kestra Advisory Services LLC now owns 15,212 shares of the company’s stock worth $317,000 after purchasing an additional 6,673 shares in the last quarter.

First Trust Balanced Income ETF Stock Performance

NYSEARCA FTBI traded down $0.10 during mid-day trading on Tuesday, reaching $21.15. 9,408 shares of the stock were exchanged, compared to its average volume of 5,953. The business’s 50 day moving average is $21.32 and its 200-day moving average is $21.52. First Trust Balanced Income ETF has a 1 year low of $19.81 and a 1 year high of $24.14.

About First Trust Balanced Income ETF

The First Trust Balanced Income ETF (FTBI) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund tracks an index that allocates to exchange-traded funds across three asset classes: target income and buy-write income equity, actively managed investment grade fixed income, and target income commodities. FTBI was launched on May 28, 2025 and is issued by First Trust.