Short Interest in First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) Declines By 84.8%

First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 12,753 shares, a decline of 84.8% from the June 30th total of 83,919 shares. Based on an average daily volume of 175,547 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Aptus Capital Advisors LLC acquired a new stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF in the 4th quarter valued at about $32,000. Advisory Services Network LLC acquired a new position in First Trust Intermediate Duration Investment Grade Corporate ETF in the third quarter worth about $61,000. Allworth Financial LP bought a new stake in First Trust Intermediate Duration Investment Grade Corporate ETF in the third quarter valued at about $64,000. Roxbury Financial LLC bought a new stake in First Trust Intermediate Duration Investment Grade Corporate ETF in the first quarter valued at about $62,000. Finally, Private Trust Co. NA increased its holdings in First Trust Intermediate Duration Investment Grade Corporate ETF by 406.3% in the fourth quarter. Private Trust Co. NA now owns 4,025 shares of the company’s stock valued at $85,000 after buying an additional 3,230 shares during the last quarter.

First Trust Intermediate Duration Investment Grade Corporate ETF Stock Performance

Shares of FIIG traded up $0.03 during trading on Friday, reaching $20.36. The company’s stock had a trading volume of 423,906 shares, compared to its average volume of 200,941. The company has a fifty day moving average of $20.64 and a two-hundred day moving average of $20.87. First Trust Intermediate Duration Investment Grade Corporate ETF has a twelve month low of $20.30 and a twelve month high of $21.49.

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.