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 drop in short interest during the month of May. As of May 15th, there was short interest totaling 68,260 shares, a drop of 72.1% from the April 30th total of 244,294 shares. Based on an average daily trading volume, of 591,625 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On First Trust Core Investment Grade ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of FTCB. Park Avenue Securities LLC raised its stake in shares of First Trust Core Investment Grade ETF by 19.7% during the 4th quarter. Park Avenue Securities LLC now owns 158,228 shares of the company’s stock worth $3,359,000 after buying an additional 26,064 shares during the last quarter. BAM Wealth Management LLC acquired a new position in shares of First Trust Core Investment Grade ETF during the 4th quarter worth $1,095,000. HBW Advisory Services LLC raised its stake in shares of First Trust Core Investment Grade ETF by 31.3% during the 4th quarter. HBW Advisory Services LLC now owns 473,609 shares of the company’s stock worth $10,055,000 after buying an additional 112,795 shares during the last quarter. Assetmark Inc. raised its stake in shares of First Trust Core Investment Grade ETF by 9.5% during the 3rd quarter. Assetmark Inc. now owns 522,527 shares of the company’s stock worth $11,135,000 after buying an additional 45,332 shares during the last quarter. Finally, IFP Advisors Inc raised its stake in shares of First Trust Core Investment Grade ETF by 19.4% during the 3rd quarter. IFP Advisors Inc now owns 193,099 shares of the company’s stock worth $4,115,000 after buying an additional 31,350 shares during the last quarter.

First Trust Core Investment Grade ETF Trading Up 0.2%

NYSEARCA:FTCB opened at $20.85 on Friday. The firm’s fifty day moving average price is $20.93 and its 200 day moving average price is $21.16. First Trust Core Investment Grade ETF has a 1-year low of $20.59 and a 1-year high of $21.87.

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.