Short Interest in FT Vest Investment Grade & Target Income ETF (NYSEARCA:LQTI) Expands By 132.9%

FT Vest Investment Grade & Target Income ETF (NYSEARCA:LQTI) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 72,997 shares, a growth of 132.9% from the May 31st total of 31,337 shares. Based on an average daily trading volume, of 71,697 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.5% of the company’s stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC bought a new stake in shares of FT Vest Investment Grade & Target Income ETF in the 4th quarter valued at about $216,000. Integrated Wealth Concepts LLC bought a new position in shares of FT Vest Investment Grade & Target Income ETF during the fourth quarter valued at approximately $251,000. Envestnet Asset Management Inc. purchased a new position in FT Vest Investment Grade & Target Income ETF during the third quarter valued at approximately $336,000. IFP Advisors Inc increased its holdings in FT Vest Investment Grade & Target Income ETF by 34.9% during the fourth quarter. IFP Advisors Inc now owns 17,329 shares of the company’s stock valued at $349,000 after buying an additional 4,483 shares during the period. Finally, Maridea Wealth Management LLC bought a new position in FT Vest Investment Grade & Target Income ETF in the first quarter worth approximately $375,000.

FT Vest Investment Grade & Target Income ETF Stock Performance

Shares of FT Vest Investment Grade & Target Income ETF stock traded up $0.07 during trading on Monday, hitting $19.45. 61,863 shares of the stock traded hands, compared to its average volume of 85,686. The stock’s fifty day simple moving average is $19.40 and its 200 day simple moving average is $19.71. FT Vest Investment Grade & Target Income ETF has a 52-week low of $18.89 and a 52-week high of $22.17.

FT Vest Investment Grade & Target Income ETF Company Profile

The FT Vest Investment Grade & Target Income ETF (LQTI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that seeks to provide current income and capital appreciation through a synthetic long exposure to the iShares iBoxx Investment Grade Corporate Bond ETF (LQD) and a partial covered call strategy. It seeks an annual rate of approximately 5% over LQDs current annual yield. LQTI was launched on Feb 12, 2025 and is issued by First Trust.