Short Interest in First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Expands By 261.4%

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 18,766 shares, a growth of 261.4% from the June 30th total of 5,193 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 546,850 shares, the days-to-cover ratio is currently 0.0 days.

First Trust Limited Duration Investment Grade Corporate ETF Trading Up 0.2%

FSIG stock traded up $0.03 during midday trading on Tuesday, hitting $18.78. The company’s stock had a trading volume of 218,980 shares, compared to its average volume of 423,431. First Trust Limited Duration Investment Grade Corporate ETF has a 12 month low of $18.71 and a 12 month high of $19.33. The company has a 50 day moving average of $18.87 and a two-hundred day moving average of $19.00.

Hedge Funds Weigh In On First Trust Limited Duration Investment Grade Corporate ETF

Several institutional investors have recently bought and sold shares of FSIG. Morgan Stanley increased its holdings in First Trust Limited Duration Investment Grade Corporate ETF by 4.2% in the 4th quarter. Morgan Stanley now owns 11,476,255 shares of the company’s stock valued at $220,229,000 after acquiring an additional 463,049 shares during the last quarter. LPL Financial LLC grew its position in shares of First Trust Limited Duration Investment Grade Corporate ETF by 8.8% during the fourth quarter. LPL Financial LLC now owns 7,681,212 shares of the company’s stock valued at $147,402,000 after purchasing an additional 618,781 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF by 2.1% in the fourth quarter. Wells Fargo & Company MN now owns 3,426,972 shares of the company’s stock worth $65,764,000 after purchasing an additional 70,888 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF by 14.0% in the first quarter. First Trust Advisors LP now owns 3,272,845 shares of the company’s stock worth $61,988,000 after purchasing an additional 400,983 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of First Trust Limited Duration Investment Grade Corporate ETF by 7.8% in the third quarter. Ameriprise Financial Inc. now owns 2,395,790 shares of the company’s stock worth $46,021,000 after buying an additional 172,385 shares in the last quarter.

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.