First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) Sees Large Decline in Short Interest

First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) saw a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 8,999 shares, a decline of 93.0% from the May 14th total of 128,458 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 142,518 shares, the short-interest ratio is presently 0.1 days.

First Trust Intermediate Duration Investment Grade Corporate ETF Stock Performance

Shares of NYSEARCA:FIIG traded up $0.07 during midday trading on Tuesday, hitting $20.66. 409,448 shares of the stock were exchanged, compared to its average volume of 210,357. The business’s 50-day moving average price is $20.77 and its 200 day moving average price is $21.00. 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

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Commonwealth Equity Services LLC boosted its holdings in First Trust Intermediate Duration Investment Grade Corporate ETF by 362.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 2,097,756 shares of the company’s stock valued at $44,472,000 after acquiring an additional 1,644,507 shares during the last quarter. LPL Financial LLC boosted its stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 16.0% in the 4th quarter. LPL Financial LLC now owns 4,410,462 shares of the company’s stock valued at $93,502,000 after purchasing an additional 609,714 shares during the last quarter. Manchester Financial Inc. boosted its stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 64.0% in the 4th quarter. Manchester Financial Inc. now owns 957,492 shares of the company’s stock valued at $20,299,000 after purchasing an additional 373,627 shares during the last quarter. Concurrent Investment Advisors LLC boosted its stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 114.9% in the 4th quarter. Concurrent Investment Advisors LLC now owns 670,866 shares of the company’s stock valued at $14,222,000 after purchasing an additional 358,716 shares during the last quarter. Finally, Stephens Inc. AR boosted its stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 80.4% in the 1st quarter. Stephens Inc. AR now owns 761,660 shares of the company’s stock valued at $15,804,000 after purchasing an additional 339,533 shares during the last quarter.

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.