Short Interest in First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) Grows By 212.1%

First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 83,919 shares, an increase of 212.1% from the June 15th total of 26,889 shares. Based on an average daily volume of 198,405 shares, the short-interest ratio is currently 0.4 days. Currently, 0.3% of the shares of the stock are sold short.

First Trust Intermediate Duration Investment Grade Corporate ETF Stock Up 0.3%

Shares of FIIG opened at $20.57 on Wednesday. The firm’s 50 day moving average is $20.69 and its 200-day moving average is $20.91. First Trust Intermediate Duration Investment Grade Corporate ETF has a 12-month low of $20.43 and a 12-month high of $21.49.

Institutional Trading of First Trust Intermediate Duration Investment Grade Corporate ETF

A number of large investors have recently added to or reduced their stakes in FIIG. JPMorgan Chase & Co. bought a new position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF in the second quarter valued at $2,099,000. First Trust Advisors LP boosted its stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 2.5% during the 2nd quarter. First Trust Advisors LP now owns 234,798 shares of the company’s stock worth $4,926,000 after acquiring an additional 5,793 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 191.6% during the 2nd quarter. NewEdge Advisors LLC now owns 81,238 shares of the company’s stock worth $1,704,000 after acquiring an additional 53,380 shares in the last quarter. Betterment LLC bought a new stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF during the 2nd quarter worth $287,000. Finally, Jane Street Group LLC acquired a new position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF in the 2nd quarter worth $1,033,000.

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.