First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) Sees Large Decline in Short Interest

First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 11,917 shares, a decrease of 44.6% from the July 30th total of 21,520 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 101,247 shares, the short-interest ratio is presently 0.1 days.

First Trust Intermediate Duration Investment Grade Corporate ETF Stock Down 0.3%

Shares of NYSEARCA:FIIG traded down $0.07 during mid-day trading on Tuesday, reaching $20.28. 132,031 shares of the stock were exchanged, compared to its average volume of 193,098. First Trust Intermediate Duration Investment Grade Corporate ETF has a one year low of $20.27 and a one year high of $21.49. The stock’s 50 day simple moving average is $20.52 and its 200-day simple moving average is $20.74.

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

Hedge funds have recently made changes to their positions in the business. LPL Financial LLC boosted its holdings in First Trust Intermediate Duration Investment Grade Corporate ETF by 16.0% during the fourth quarter. LPL Financial LLC now owns 4,410,462 shares of the company’s stock worth $93,502,000 after purchasing an additional 609,714 shares during the last quarter. Morgan Stanley increased its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 6.7% in the 4th quarter. Morgan Stanley now owns 2,482,467 shares of the company’s stock valued at $52,628,000 after buying an additional 156,715 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in First Trust Intermediate Duration Investment Grade Corporate ETF by 362.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 2,097,756 shares of the company’s stock worth $44,472,000 after buying an additional 1,644,507 shares in the last quarter. Cetera Investment Advisers lifted its position in First Trust Intermediate Duration Investment Grade Corporate ETF by 1.5% during the 1st quarter. Cetera Investment Advisers now owns 1,729,781 shares of the company’s stock worth $35,893,000 after buying an additional 24,855 shares in the last quarter. Finally, Manchester Financial Inc. boosted its stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 11.5% during the 1st quarter. Manchester Financial Inc. now owns 1,068,062 shares of the company’s stock worth $22,162,000 after buying an additional 110,570 shares during the last quarter.

First Trust Intermediate Duration Investment Grade Corporate ETF Company Profile

The First Trust Intermediate Duration Investment Grade Corporate ETF (FIIG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed, investing in a broad portfolio of US investment grade, corporate debt securities. The portfolio aims for a dollar-weighted average maturity between three and ten years FIIG was launched on Aug 2, 2023 and is issued by First Trust.