First Trust Core Investment Grade ETF (NYSEARCA:FTCB) Short Interest Update

First Trust Core Investment Grade ETF (NYSEARCA:FTCB) was the recipient of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 198,883 shares, an increase of 191.4% from the May 14th total of 68,260 shares. Based on an average daily volume of 508,650 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s shares are sold short.

First Trust Core Investment Grade ETF Stock Performance

First Trust Core Investment Grade ETF stock remained flat at $20.88 during trading on Friday. 373,665 shares of the company were exchanged, compared to its average volume of 730,343. First Trust Core Investment Grade ETF has a 52-week low of $20.59 and a 52-week high of $21.87. The business’s 50-day moving average price is $20.91 and its 200 day moving average price is $21.12.

Institutional Investors Weigh In On First Trust Core Investment Grade ETF

A number of institutional investors have recently bought and sold shares of FTCB. Royal Bank of Canada purchased a new stake in First Trust Core Investment Grade ETF in the first quarter valued at approximately $5,148,000. NewEdge Advisors LLC lifted its stake in shares of First Trust Core Investment Grade ETF by 39.8% in the 2nd quarter. NewEdge Advisors LLC now owns 194,246 shares of the company’s stock valued at $4,091,000 after purchasing an additional 55,307 shares in the last quarter. Betterment LLC acquired a new position in shares of First Trust Core Investment Grade ETF in the 2nd quarter valued at about $257,000. Jane Street Group LLC lifted its stake in shares of First Trust Core Investment Grade ETF by 137.5% in the 2nd quarter. Jane Street Group LLC now owns 213,459 shares of the company’s stock valued at $4,495,000 after purchasing an additional 123,570 shares in the last quarter. Finally, Benjamin Edwards Inc. grew its stake in First Trust Core Investment Grade ETF by 64.0% during the second quarter. Benjamin Edwards Inc. now owns 468,753 shares of the company’s stock worth $9,872,000 after buying an additional 182,997 shares during the period.

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.