First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Short Interest Up 96.5% in April

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 155,264 shares, a growth of 96.5% from the April 15th total of 79,019 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 307,183 shares, the days-to-cover ratio is currently 0.5 days.

First Trust Limited Duration Investment Grade Corporate ETF Trading Down 0.3%

FSIG traded down $0.05 during midday trading on Friday, hitting $18.90. The company had a trading volume of 292,330 shares, compared to its average volume of 424,089. The stock’s 50 day moving average price is $18.98 and its 200 day moving average price is $19.12. First Trust Limited Duration Investment Grade Corporate ETF has a 52 week low of $18.80 and a 52 week high of $19.33.

Institutional Trading of First Trust Limited Duration Investment Grade Corporate ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. bought a new position in First Trust Limited Duration Investment Grade Corporate ETF in the first quarter worth approximately $1,366,000. Jane Street Group LLC raised its position in shares of First Trust Limited Duration Investment Grade Corporate ETF by 90.4% during the first quarter. Jane Street Group LLC now owns 281,857 shares of the company’s stock worth $5,338,000 after purchasing an additional 133,784 shares during the period. JPMorgan Chase & Co. raised its position in shares of First Trust Limited Duration Investment Grade Corporate ETF by 1,140.1% during the second quarter. JPMorgan Chase & Co. now owns 28,460 shares of the company’s stock worth $544,000 after purchasing an additional 26,165 shares during the period. Darwin Wealth Management LLC bought a new position in shares of First Trust Limited Duration Investment Grade Corporate ETF in the 2nd quarter worth $678,000. Finally, Raymond James Financial Inc. lifted its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF by 13.7% in the 2nd quarter. Raymond James Financial Inc. now owns 1,025,541 shares of the company’s stock worth $19,608,000 after purchasing an additional 123,516 shares in the last quarter.

First Trust Limited Duration Investment Grade Corporate ETF Company Profile

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.