Short Interest in First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Drops By 94.5%

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) was the recipient of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 5,193 shares, a drop of 94.5% from the June 15th total of 95,020 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 663,983 shares, the short-interest ratio is currently 0.0 days.

Institutional Investors Weigh In On First Trust Limited Duration Investment Grade Corporate ETF

Several hedge funds have recently modified their holdings of the business. LPL Financial LLC increased its holdings in 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 buying an additional 618,781 shares during the period. Morgan Stanley boosted its position in First Trust Limited Duration Investment Grade Corporate ETF by 4.2% during 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 in the last quarter. First Trust Advisors LP boosted its position in First Trust Limited Duration Investment Grade Corporate ETF by 14.0% during the 1st quarter. First Trust Advisors LP now owns 3,272,845 shares of the company’s stock valued at $61,988,000 after acquiring an additional 400,983 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF by 245,809.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 356,568 shares of the company’s stock valued at $6,843,000 after acquiring an additional 356,423 shares during the period. Finally, MGO One Seven LLC purchased a new position in shares of First Trust Limited Duration Investment Grade Corporate ETF in the 4th quarter valued at $4,989,000.

First Trust Limited Duration Investment Grade Corporate ETF Stock Down 0.1%

NYSEARCA:FSIG traded down $0.02 during mid-day trading on Friday, reaching $18.84. The company’s stock had a trading volume of 217,698 shares, compared to its average volume of 430,982. First Trust Limited Duration Investment Grade Corporate ETF has a 1 year low of $18.80 and a 1 year high of $19.33. The stock has a fifty day moving average of $18.90 and a 200-day moving average of $19.03.

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.