First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Short Interest Up 176.4% in August

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 160,590 shares, an increase of 176.4% from the August 15th total of 58,096 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 208,098 shares, the short-interest ratio is presently 0.8 days.

First Trust Limited Duration Investment Grade Corporate ETF Stock Down 0.2%

Shares of FSIG stock opened at $18.57 on Tuesday. The business’s fifty day simple moving average is $18.79 and its 200-day simple moving average is $18.90. First Trust Limited Duration Investment Grade Corporate ETF has a 12-month low of $18.57 and a 12-month high of $19.33.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FSIG. World Investment Advisors lifted 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 valued at $343,000 after acquiring an additional 567 shares during the period. Sanctuary Advisors LLC grew its stake in shares of 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 worth $492,000 after purchasing an additional 770 shares during the period. Acorn Wealth Advisors LLC grew its stake 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 worth $294,000 after purchasing an additional 824 shares during the period. HighTower Advisors LLC increased its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF by 2.0% during the 4th quarter. HighTower Advisors LLC now owns 81,276 shares of the company’s stock valued at $1,560,000 after purchasing an additional 1,627 shares in the last quarter. Finally, Sigma Planning Corp lifted its stake in shares of First Trust Limited Duration Investment Grade Corporate ETF by 3.1% in the 1st quarter. Sigma Planning Corp now owns 59,395 shares of the company’s stock valued at $1,125,000 after purchasing an additional 1,789 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.