First Trust Bloomberg Inflation Sensitive Equity ETF (NYSEARCA:FTIF) Sees Significant Decline in Short Interest

First Trust Bloomberg Inflation Sensitive Equity ETF (NYSEARCA:FTIF) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 316 shares, a drop of 81.3% from the July 15th total of 1,694 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 4,430 shares, the days-to-cover ratio is presently 0.1 days.

First Trust Bloomberg Inflation Sensitive Equity ETF Price Performance

First Trust Bloomberg Inflation Sensitive Equity ETF stock opened at $28.88 on Wednesday. The company’s 50-day moving average is $27.66 and its 200-day moving average is $27.18. The firm has a market capitalization of $5.78 million, a PE ratio of 17.44 and a beta of 0.65. First Trust Bloomberg Inflation Sensitive Equity ETF has a fifty-two week low of $21.31 and a fifty-two week high of $29.25.

Institutional Trading of First Trust Bloomberg Inflation Sensitive Equity ETF

An institutional investor recently bought a new stake in First Trust Bloomberg Inflation Sensitive Equity ETF stock. International Assets Investment Management LLC bought a new position in shares of First Trust Bloomberg Inflation Sensitive Equity ETF (NYSEARCA:FTIF) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 4,575 shares of the company’s stock, valued at approximately $104,000. International Assets Investment Management LLC owned 9.15% of First Trust Bloomberg Inflation Sensitive Equity ETF at the end of the most recent quarter.

About First Trust Bloomberg Inflation Sensitive Equity ETF

The First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an equal-weighted index of US large- and mid-cap stocks considered to benefit directly or indirectly from inflation increases. Selection of individual holdings are based on both fundamental and technical criteria. FTIF was launched on Mar 13, 2023 and is managed by First Trust.