First Trust Core Investment Grade ETF (NYSEARCA:FTCB) Short Interest Update

First Trust Core Investment Grade ETF (NYSEARCA:FTCB) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totaling 199,962 shares, a growth of 95.3% from the June 15th total of 102,385 shares. Based on an average daily volume of 724,223 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the shares of the stock are sold short.

First Trust Core Investment Grade ETF Trading Up 0.1%

NYSEARCA:FTCB traded up $0.02 during midday trading on Friday, reaching $20.78. 1,126,751 shares of the stock traded hands, compared to its average volume of 748,579. First Trust Core Investment Grade ETF has a 12 month low of $20.59 and a 12 month high of $21.87. The company has a fifty day moving average of $20.82 and a 200 day moving average of $21.04.

Hedge Funds Weigh In On First Trust Core Investment Grade ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Park Avenue Securities LLC increased its holdings in First Trust Core Investment Grade ETF by 19.7% in the 4th quarter. Park Avenue Securities LLC now owns 158,228 shares of the company’s stock worth $3,359,000 after acquiring an additional 26,064 shares in the last quarter. BAM Wealth Management LLC purchased a new position in First Trust Core Investment Grade ETF during the fourth quarter valued at approximately $1,095,000. HBW Advisory Services LLC lifted its holdings in First Trust Core Investment Grade ETF by 31.3% during the fourth quarter. HBW Advisory Services LLC now owns 473,609 shares of the company’s stock valued at $10,055,000 after purchasing an additional 112,795 shares in the last quarter. IFP Advisors Inc boosted its position in shares of First Trust Core Investment Grade ETF by 19.4% in the third quarter. IFP Advisors Inc now owns 193,099 shares of the company’s stock worth $4,115,000 after purchasing an additional 31,350 shares during the period. Finally, AIFG Consultants Ltd. boosted its position in shares of First Trust Core Investment Grade ETF by 21.2% in the fourth quarter. AIFG Consultants Ltd. now owns 332,811 shares of the company’s stock worth $7,066,000 after purchasing an additional 58,296 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.