First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Short Interest Update

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) saw a large drop in short interest in June. As of June 30th, there was short interest totaling 5,193 shares, a drop of 94.5% from the June 15th total of 95,020 shares. Based on an average daily trading volume, of 663,983 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

First Trust Limited Duration Investment Grade Corporate ETF Price Performance

NYSEARCA:FSIG traded down $0.02 during mid-day trading on Friday, reaching $18.84. The company’s stock had a trading volume of 217,698 shares, compared to its average volume of 430,982. The firm’s fifty day moving average price is $18.90 and its two-hundred day moving average price is $19.03. First Trust Limited Duration Investment Grade Corporate ETF has a 12-month low of $18.80 and a 12-month high of $19.33.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. World Investment Advisors boosted its holdings in First Trust Limited Duration Investment Grade Corporate ETF by 3.2% in the first quarter. World Investment Advisors now owns 18,089 shares of the company’s stock worth $343,000 after purchasing an additional 567 shares during the last quarter. Sanctuary Advisors LLC raised its stake in First Trust Limited Duration Investment Grade Corporate ETF by 3.1% during the 1st quarter. Sanctuary Advisors LLC now owns 25,961 shares of the company’s stock valued at $492,000 after buying an additional 770 shares during the last quarter. Acorn Wealth Advisors LLC lifted its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF by 5.7% during the 4th quarter. Acorn Wealth Advisors LLC now owns 15,299 shares of the company’s stock valued at $294,000 after buying an additional 824 shares during the period. Geneos Wealth Management Inc. boosted its stake 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 worth $55,000 after buying an additional 1,169 shares during the last quarter. Finally, Milestones Private Investment Advisors LLC grew its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF by 10.5% in the fourth quarter. Milestones Private Investment Advisors LLC now owns 12,539 shares of the company’s stock worth $241,000 after acquiring an additional 1,193 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.