First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Sees Large Decrease in Short Interest

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totaling 79,019 shares, a decline of 15.0% from the March 31st total of 92,921 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 541,780 shares, the days-to-cover ratio is presently 0.1 days.

First Trust Limited Duration Investment Grade Corporate ETF Price Performance

Shares of First Trust Limited Duration Investment Grade Corporate ETF stock traded up $0.01 during trading on Friday, hitting $18.96. 441,516 shares of the company were exchanged, compared to its average volume of 434,213. First Trust Limited Duration Investment Grade Corporate ETF has a 1-year low of $18.80 and a 1-year high of $19.33. The firm’s fifty day moving average price is $19.02 and its 200 day moving average price is $19.14.

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

Several institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. acquired a new position in shares of First Trust Limited Duration Investment Grade Corporate ETF in the 1st quarter valued at approximately $1,366,000. Jane Street Group LLC grew its position in shares of First Trust Limited Duration Investment Grade Corporate ETF by 90.4% in the 1st quarter. Jane Street Group LLC now owns 281,857 shares of the company’s stock valued at $5,338,000 after purchasing an additional 133,784 shares during the period. JPMorgan Chase & Co. grew its position in shares of First Trust Limited Duration Investment Grade Corporate ETF by 1,140.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 28,460 shares of the company’s stock valued at $544,000 after purchasing an additional 26,165 shares during the period. Darwin Wealth Management LLC acquired a new position in shares of First Trust Limited Duration Investment Grade Corporate ETF in the 2nd quarter valued at approximately $678,000. Finally, Raymond James Financial Inc. grew its position in shares of First Trust Limited Duration Investment Grade Corporate ETF by 13.7% in the 2nd quarter. Raymond James Financial Inc. now owns 1,025,541 shares of the company’s stock valued at $19,608,000 after purchasing an additional 123,516 shares during the period.

About First Trust Limited Duration Investment Grade Corporate ETF

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.