Short Interest in First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) Decreases By 44.6%

First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) was the recipient of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 11,917 shares, a drop of 44.6% from the July 30th total of 21,520 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 101,247 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On First Trust Intermediate Duration Investment Grade Corporate ETF

Large investors have recently bought and sold shares of the business. GeoWealth Management LLC lifted its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 3.7% during the 3rd quarter. GeoWealth Management LLC now owns 14,661 shares of the company’s stock valued at $311,000 after purchasing an additional 519 shares in the last quarter. RFG Advisory LLC raised its holdings in First Trust Intermediate Duration Investment Grade Corporate ETF by 2.1% during the 4th quarter. RFG Advisory LLC now owns 25,855 shares of the company’s stock worth $548,000 after buying an additional 529 shares during the period. Evolution Wealth Management Inc. lifted its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 15.9% in the first quarter. Evolution Wealth Management Inc. now owns 5,085 shares of the company’s stock valued at $106,000 after buying an additional 696 shares in the last quarter. Betterment LLC lifted its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 7.2% in the fourth quarter. Betterment LLC now owns 13,460 shares of the company’s stock valued at $285,000 after buying an additional 900 shares in the last quarter. Finally, Asset Allocation Strategies LLC boosted its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 5.7% in the first quarter. Asset Allocation Strategies LLC now owns 20,581 shares of the company’s stock valued at $427,000 after buying an additional 1,101 shares during the period.

First Trust Intermediate Duration Investment Grade Corporate ETF Stock Performance

NYSEARCA:FIIG traded down $0.07 on Friday, hitting $20.39. 111,053 shares of the stock were exchanged, compared to its average volume of 194,012. First Trust Intermediate Duration Investment Grade Corporate ETF has a 52 week low of $20.30 and a 52 week high of $21.49. The company’s 50-day moving average price is $20.53 and its 200 day moving average price is $20.75.

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.