First Trust Bloomberg Inflation Sensitive Equity ETF (NYSEARCA:FTIF) Short Interest Down 62.0% in June

First Trust Bloomberg Inflation Sensitive Equity ETF (NYSEARCA:FTIF) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 2,367 shares, a drop of 62.0% from the June 15th total of 6,231 shares. Based on an average daily volume of 2,471 shares, the days-to-cover ratio is presently 1.0 days. Approximately 1.2% of the company’s stock are sold short.

First Trust Bloomberg Inflation Sensitive Equity ETF Price Performance

Shares of FTIF stock traded down $0.13 during trading on Wednesday, reaching $27.22. The company’s stock had a trading volume of 37 shares, compared to its average volume of 2,766. The company has a market capitalization of $5.44 million, a price-to-earnings ratio of 17.44 and a beta of 0.66. The stock’s 50-day moving average price is $27.77 and its 200 day moving average price is $26.57. First Trust Bloomberg Inflation Sensitive Equity ETF has a 1-year low of $21.11 and a 1-year high of $29.25.

Hedge Funds Weigh In On 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 acquired a new position in shares of First Trust Bloomberg Inflation Sensitive Equity ETF (NYSEARCA:FTIF) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 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.