First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Short Interest Down 54.5% in August

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) saw a large drop in short interest in August. As of August 14th, there was short interest totaling 58,096 shares, a drop of 54.5% from the July 30th total of 127,592 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 225,156 shares, the days-to-cover ratio is currently 0.3 days.

First Trust Limited Duration Investment Grade Corporate ETF Stock Performance

Shares of FSIG stock traded down $0.05 on Friday, hitting $18.76. 234,567 shares of the stock traded hands, compared to its average volume of 396,101. First Trust Limited Duration Investment Grade Corporate ETF has a 1-year low of $18.71 and a 1-year high of $19.33. The company’s fifty day moving average is $18.83 and its 200 day moving average is $18.94.

Institutional Trading of First Trust Limited Duration Investment Grade Corporate ETF

Several institutional investors have recently added to or reduced their stakes in FSIG. Godfrey Financial Associates Inc. acquired a new stake in shares of First Trust Limited Duration Investment Grade Corporate ETF during the fourth quarter worth $36,000. Western Wealth Management LLC acquired a new position in shares of First Trust Limited Duration Investment Grade Corporate ETF in the 1st quarter valued at about $41,000. Geneos Wealth Management Inc. boosted its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF by 68.7% in the 2nd quarter. Geneos Wealth Management Inc. now owns 2,871 shares of the company’s stock valued at $55,000 after buying an additional 1,169 shares during the period. Compass Financial Management LLC bought a new stake in shares of First Trust Limited Duration Investment Grade Corporate ETF during the 2nd quarter valued at about $62,000. Finally, Triumph Capital Management bought a new stake in shares of First Trust Limited Duration Investment Grade Corporate ETF during the 3rd quarter valued at about $91,000.

First Trust Limited Duration Investment Grade Corporate ETF Company Profile

The First Trust Limited Duration Investment Grade Corporate ETF (FSIG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund seeks to provide current income from an actively managed portfolio of short-term US investment-grade corporate bonds. FSIG was launched on Nov 17, 2021 and is managed by First Trust.