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 decline in short interest during the month of August. As of August 14th, there was short interest totaling 98,595 shares, a decline of 79.3% from the July 30th total of 476,240 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 551,566 shares, the short-interest ratio is currently 0.2 days.

First Trust Core Investment Grade ETF Stock Down 0.3%

FTCB stock traded down $0.07 during mid-day trading on Friday, reaching $20.51. 574,211 shares of the stock traded hands, compared to its average volume of 726,137. First Trust Core Investment Grade ETF has a 52 week low of $20.45 and a 52 week high of $21.87. The business has a 50-day moving average of $20.67 and a two-hundred day moving average of $20.90.

Institutional Trading of First Trust Core Investment Grade ETF

Several hedge funds have recently added to or reduced their stakes in the business. LPL Financial LLC grew its holdings in First Trust Core Investment Grade ETF by 41.6% in the 4th quarter. LPL Financial LLC now owns 12,413,458 shares of the company’s stock valued at $263,538,000 after buying an additional 3,649,333 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of First Trust Core Investment Grade ETF by 14,236.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,389,242 shares of the company’s stock valued at $29,494,000 after acquiring an additional 1,379,552 shares during the period. Kintra Wealth LLC grew its stake in shares of First Trust Core Investment Grade ETF by 124.3% in the second quarter. Kintra Wealth LLC now owns 2,224,625 shares of the company’s stock worth $45,872,000 after acquiring an additional 1,232,810 shares during the last quarter. Morgan Stanley grew its stake in shares of First Trust Core Investment Grade ETF by 16.3% in the fourth quarter. Morgan Stanley now owns 6,203,204 shares of the company’s stock worth $131,694,000 after acquiring an additional 871,355 shares during the last quarter. Finally, Stephens Inc. AR boosted its holdings in First Trust Core Investment Grade ETF by 58.6% in the 1st quarter. Stephens Inc. AR now owns 1,999,530 shares of the company’s stock valued at $41,910,000 after purchasing an additional 738,861 shares during the period.

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.