First Trust Core Investment Grade ETF (NYSEARCA:FTCB) Sees Large Decrease in Short Interest

First Trust Core Investment Grade ETF (NYSEARCA:FTCB) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 98,595 shares, a decrease of 79.3% from the July 30th total of 476,240 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 551,566 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. LPL Financial LLC raised its stake in shares of First Trust Core Investment Grade ETF by 41.6% in the 4th quarter. LPL Financial LLC now owns 12,413,458 shares of the company’s stock valued at $263,538,000 after purchasing an additional 3,649,333 shares in the last quarter. Morgan Stanley increased its holdings in First Trust Core Investment Grade ETF by 16.3% in the fourth quarter. Morgan Stanley now owns 6,203,204 shares of the company’s stock valued at $131,694,000 after buying an additional 871,355 shares during the last quarter. LVZ Inc. increased its holdings in First Trust Core Investment Grade ETF by 4.6% in the first quarter. LVZ Inc. now owns 3,240,435 shares of the company’s stock valued at $67,920,000 after buying an additional 142,672 shares during the last quarter. Cetera Investment Advisers increased its holdings in First Trust Core Investment Grade ETF by 30.5% in the first quarter. Cetera Investment Advisers now owns 2,750,968 shares of the company’s stock valued at $57,660,000 after buying an additional 643,247 shares during the last quarter. Finally, Long Run Wealth Advisors LLC raised its stake in First Trust Core Investment Grade ETF by 2.9% during the fourth quarter. Long Run Wealth Advisors LLC now owns 2,231,568 shares of the company’s stock valued at $47,376,000 after buying an additional 63,259 shares in the last quarter.

First Trust Core Investment Grade ETF Stock Down 0.2%

Shares of FTCB stock traded down $0.04 during mid-day trading on Wednesday, reaching $20.58. 470,884 shares of the company were exchanged, compared to its average volume of 728,324. The business’s 50 day simple moving average is $20.69 and its 200 day simple moving average is $20.91. First Trust Core Investment Grade ETF has a fifty-two week low of $20.45 and a fifty-two week high of $21.87.

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.