FT Vest Investment Grade & Target Income ETF (NYSEARCA:LQTI) Sees Significant Growth in Short Interest

FT Vest Investment Grade & Target Income ETF (NYSEARCA:LQTI) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 20,640 shares, a growth of 1,027.9% from the August 15th total of 1,830 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 64,050 shares, the days-to-cover ratio is presently 0.3 days.

FT Vest Investment Grade & Target Income ETF Stock Performance

LQTI stock traded down $0.16 during trading hours on Thursday, hitting $18.40. The company’s stock had a trading volume of 66,979 shares, compared to its average volume of 92,978. The stock has a 50 day moving average price of $18.81 and a two-hundred day moving average price of $19.26. FT Vest Investment Grade & Target Income ETF has a 12 month low of $18.40 and a 12 month high of $22.17.

Hedge Funds Weigh In On FT Vest Investment Grade & Target Income ETF

Several hedge funds have recently bought and sold shares of the business. Great Valley Advisor Group Inc. acquired a new stake in shares of FT Vest Investment Grade & Target Income ETF in the second quarter worth about $1,064,000. Advisory Services Network LLC bought a new position in shares of FT Vest Investment Grade & Target Income ETF in the 2nd quarter valued at approximately $1,639,000. Envestnet Asset Management Inc. bought a new position in shares of FT Vest Investment Grade & Target Income ETF in the 3rd quarter valued at approximately $336,000. Prosperity Financial Group Inc. lifted its holdings in FT Vest Investment Grade & Target Income ETF by 2.0% in the 3rd quarter. Prosperity Financial Group Inc. now owns 170,019 shares of the company’s stock worth $3,469,000 after purchasing an additional 3,384 shares during the last quarter. Finally, Forefront Wealth Partners LLC lifted its holdings in FT Vest Investment Grade & Target Income ETF by 1.9% in the 4th quarter. Forefront Wealth Partners LLC now owns 32,918 shares of the company’s stock worth $662,000 after purchasing an additional 621 shares during the last quarter.

About FT Vest Investment Grade & Target Income ETF

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.