First Trust Core Investment Grade ETF (NYSEARCA:FTCB) Sees Significant Drop in Short Interest

First Trust Core Investment Grade ETF (NYSEARCA:FTCB) was the recipient of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 102,385 shares, a decrease of 48.5% from the May 31st total of 198,883 shares. Based on an average trading volume of 479,165 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

First Trust Core Investment Grade ETF Stock Performance

Shares of FTCB stock opened at $20.96 on Tuesday. The company has a 50 day moving average price of $20.88 and a 200 day moving average price of $21.08. First Trust Core Investment Grade ETF has a fifty-two week low of $20.59 and a fifty-two week high of $21.87.

Hedge Funds Weigh In On First Trust Core Investment Grade ETF

Institutional investors have recently modified their holdings of the business. Pine Valley Investments Ltd Liability Co raised its holdings in shares of First Trust Core Investment Grade ETF by 8.7% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 1,159,598 shares of the company’s stock valued at $24,305,000 after purchasing an additional 92,649 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of First Trust Core Investment Grade ETF by 233.9% during the 1st quarter. NewEdge Advisors LLC now owns 739,203 shares of the company’s stock valued at $15,494,000 after acquiring an additional 517,799 shares during the period. Arkadios Wealth Advisors grew its stake in First Trust Core Investment Grade ETF by 35.3% in the 1st quarter. Arkadios Wealth Advisors now owns 83,587 shares of the company’s stock valued at $1,752,000 after acquiring an additional 21,798 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of First Trust Core Investment Grade ETF by 27.1% during the first quarter. Royal Bank of Canada now owns 566,232 shares of the company’s stock valued at $11,868,000 after acquiring an additional 120,604 shares during the last quarter. Finally, Gateway Wealth Partners LLC lifted its stake in shares of First Trust Core Investment Grade ETF by 165.3% during the 1st quarter. Gateway Wealth Partners LLC now owns 458,485 shares of the company’s stock worth $9,610,000 after purchasing an additional 285,644 shares during the period.

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.