First Trust Bloomberg Inflation Sensitive Equity ETF (NYSEARCA:FTIF) Sees Significant Growth in Short Interest

First Trust Bloomberg Inflation Sensitive Equity ETF (NYSEARCA:FTIF) was the recipient of a significant increase in short interest in October. As of October 30th, there was short interest totaling 3,972 shares, an increase of 3,415.0% from the October 15th total of 113 shares. Currently, 2.0% of the shares of the company are short sold. Based on an average daily volume of 2,041 shares, the days-to-cover ratio is currently 1.9 days.

First Trust Bloomberg Inflation Sensitive Equity ETF Stock Performance

Shares of FTIF traded up $0.12 during mid-day trading on Tuesday, hitting $28.96. 31 shares of the company traded hands, compared to its average volume of 2,325. First Trust Bloomberg Inflation Sensitive Equity ETF has a 1 year low of $21.56 and a 1 year high of $30.37. The stock has a 50-day moving average price of $29.07 and a two-hundred day moving average price of $27.80. The stock has a market cap of $5.79 million, a price-to-earnings ratio of 14.58 and a beta of 0.62.

About First Trust Bloomberg Inflation Sensitive Equity ETF

The First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an equal-weighted index of US large- and mid-cap stocks considered to benefit directly or indirectly from inflation increases. Selection of individual holdings are based on both fundamental and technical criteria. FTIF was launched on Mar 13, 2023 and is managed by First Trust.