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

First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 128,458 shares, an increase of 63.9% from the April 30th total of 78,394 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average trading volume of 408,000 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Aptus Capital Advisors LLC purchased a new position in First Trust Intermediate Duration Investment Grade Corporate ETF in the 4th quarter worth about $32,000. Advisory Services Network LLC purchased a new position in First Trust Intermediate Duration Investment Grade Corporate ETF in the 3rd quarter worth about $61,000. Roxbury Financial LLC purchased a new position in First Trust Intermediate Duration Investment Grade Corporate ETF in the 1st quarter worth about $62,000. Allworth Financial LP purchased a new position in First Trust Intermediate Duration Investment Grade Corporate ETF in the 3rd quarter worth about $64,000. Finally, Private Trust Co. NA increased its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 406.3% in the 4th quarter. Private Trust Co. NA now owns 4,025 shares of the company’s stock worth $85,000 after purchasing an additional 3,230 shares in the last quarter.

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

NYSEARCA:FIIG opened at $20.70 on Friday. The business’s 50-day moving average price is $20.77 and its 200 day moving average price is $21.01. First Trust Intermediate Duration Investment Grade Corporate ETF has a 52-week low of $20.43 and a 52-week high of $21.49.

About First Trust Intermediate Duration Investment Grade Corporate ETF

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.