First Trust Core Investment Grade ETF (NYSEARCA:FTCB) Stock Short Interest Declines 90.5%

First Trust Core Investment Grade ETF (NYSEARCA:FTCB) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 55,409 shares, a decrease of 90.5% from the September 30th total of 581,604 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 1,698,969 shares, the days-to-cover ratio is currently 0.0 days.

First Trust Core Investment Grade ETF Stock Up 0.1%

Shares of FTCB stock traded up $0.03 during trading hours on Monday, reaching $20.07. 582,305 shares of the company traded hands, compared to its average volume of 775,498. First Trust Core Investment Grade ETF has a 12-month low of $19.65 and a 12-month high of $21.54. The firm has a 50-day moving average price of $20.17 and a 200 day moving average price of $20.77.

Institutional Investors Weigh In On First Trust Core Investment Grade ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FTCB. Apollon Wealth Management LLC lifted its holdings in First Trust Core Investment Grade ETF by 1.2% during the third quarter. Apollon Wealth Management LLC now owns 60,889 shares of the company’s stock valued at $1,202,000 after purchasing an additional 727 shares in the last quarter. Sigma Planning Corp bought a new position in shares of First Trust Core Investment Grade ETF in the third quarter worth approximately $7,986,000. Wedbush Securities Inc. bought a new position in shares of First Trust Core Investment Grade ETF in the third quarter worth approximately $211,000. Brookstone Capital Management purchased a new stake in shares of First Trust Core Investment Grade ETF in the third quarter worth $789,000. Finally, Arwa LLC purchased a new stake in shares of First Trust Core Investment Grade ETF in the third quarter worth $804,000.

First Trust Core Investment Grade ETF Company Profile

The First Trust Core Investment Grade ETF (FTCB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed ETF that provides broad exposure to investment-grade debt securities of various maturities from around the world, including emerging markets. FTCB was launched on Nov 7, 2023 and is issued by First Trust.