First Trust Core Investment Grade ETF (NYSEARCA:FTCB) Shares Shorted: Short Interest Up 442.5% in October

First Trust Core Investment Grade ETF (NYSEARCA:FTCB) was the recipient of a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 300,607 shares, a growth of 442.5% from the October 15th total of 55,409 shares. Based on an average trading volume of 800,265 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Trading of First Trust Core Investment Grade ETF

Large investors have recently modified their holdings of the business. Compass Financial Management LLC bought a new position in shares of First Trust Core Investment Grade ETF during the second quarter valued at approximately $26,000. Rockefeller Capital Management L.P. purchased a new stake in First Trust Core Investment Grade ETF in the fourth quarter worth $29,000. Fifth Third Bancorp purchased a new stake in First Trust Core Investment Grade ETF in the first quarter worth $86,000. GK Wealth Management LLC bought a new stake in First Trust Core Investment Grade ETF in the third quarter valued at $85,000. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its holdings in First Trust Core Investment Grade ETF by 34.3% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 9,158 shares of the company’s stock valued at $192,000 after acquiring an additional 2,339 shares in the last quarter.

First Trust Core Investment Grade ETF Stock Performance

Shares of NYSEARCA:FTCB traded down $0.13 during midday trading on Thursday, hitting $20.01. 460,330 shares of the stock traded hands, compared to its average volume of 770,085. The business’s 50 day moving average is $20.06 and its two-hundred day moving average is $20.70. First Trust Core Investment Grade ETF has a one year low of $19.65 and a one year high of $21.47.

About First Trust Core Investment Grade ETF

The First Trust Core Investment Grade ETF (FTCB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed ETF that provides broad exposure to investment-grade debt securities of various maturities from around the world, including emerging markets. FTCB was launched on Nov 7, 2023 and is issued by First Trust.