First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) Short Interest Update

First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 83,919 shares, a growth of 212.1% from the June 15th total of 26,889 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 198,405 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On First Trust Intermediate Duration Investment Grade Corporate ETF

Several hedge funds have recently modified their holdings of FIIG. Northeast Planning Associates INC. NH lifted its stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 14.4% during the fourth quarter. Northeast Planning Associates INC. NH now owns 385,440 shares of the company’s stock valued at $8,171,000 after buying an additional 48,600 shares during the period. TCP Asset Management LLC grew its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 7.0% in the 4th quarter. TCP Asset Management LLC now owns 953,224 shares of the company’s stock worth $20,208,000 after acquiring an additional 62,186 shares during the period. Kingsview Wealth Management LLC grew its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 157.1% in the 4th quarter. Kingsview Wealth Management LLC now owns 145,239 shares of the company’s stock worth $3,079,000 after acquiring an additional 88,742 shares during the period. Manchester Financial Inc. raised its holdings in First Trust Intermediate Duration Investment Grade Corporate ETF by 64.0% in the 4th quarter. Manchester Financial Inc. now owns 957,492 shares of the company’s stock valued at $20,299,000 after acquiring an additional 373,627 shares during the last quarter. Finally, Mach 1 Financial Group LLC acquired a new position in First Trust Intermediate Duration Investment Grade Corporate ETF in the 4th quarter valued at $6,663,000.

First Trust Intermediate Duration Investment Grade Corporate ETF Stock Down 0.1%

Shares of NYSEARCA:FIIG traded down $0.03 on Monday, hitting $20.55. The company had a trading volume of 23,101 shares, compared to its average volume of 204,283. First Trust Intermediate Duration Investment Grade Corporate ETF has a 52-week low of $20.43 and a 52-week high of $21.49. The business has a 50 day moving average of $20.70 and a 200 day moving average of $20.92.

First Trust Intermediate Duration Investment Grade Corporate ETF Company Profile

The First Trust Intermediate Duration Investment Grade Corporate ETF (FIIG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed, investing in a broad portfolio of US investment grade, corporate debt securities. The portfolio aims for a dollar-weighted average maturity between three and ten years FIIG was launched on Aug 2, 2023 and is issued by First Trust.