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

First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 57,442 shares, an increase of 382.0% from the August 15th total of 11,917 shares. Based on an average daily volume of 186,402 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the company are short sold.

First Trust Intermediate Duration Investment Grade Corporate ETF Trading Down 0.2%

Shares of NYSEARCA:FIIG traded down $0.04 during trading on Friday, reaching $20.07. The stock had a trading volume of 148,892 shares, compared to its average volume of 189,713. First Trust Intermediate Duration Investment Grade Corporate ETF has a 52 week low of $20.05 and a 52 week high of $21.49. The stock has a fifty day simple moving average of $20.43 and a two-hundred day simple moving average of $20.68.

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

A number of institutional investors have recently made changes to their positions in the business. Bullseye Investment Management LLC bought a new position in First Trust Intermediate Duration Investment Grade Corporate ETF in the 2nd quarter worth approximately $268,000. RFG Advisory LLC lifted its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 42.9% during the second quarter. RFG Advisory LLC now owns 43,680 shares of the company’s stock worth $905,000 after purchasing an additional 13,114 shares during the period. NewEdge Advisors LLC lifted its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 18.4% during the 2nd quarter. NewEdge Advisors LLC now owns 433,525 shares of the company’s stock worth $8,978,000 after buying an additional 67,525 shares during the period. IFP Advisors Inc boosted its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 12.0% in the 2nd quarter. IFP Advisors Inc now owns 147,458 shares of the company’s stock valued at $3,054,000 after buying an additional 15,773 shares in the last quarter. Finally, Citadel Advisors LLC boosted its stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 74.5% in the 2nd quarter. Citadel Advisors LLC now owns 124,844 shares of the company’s stock valued at $2,586,000 after purchasing an additional 53,307 shares in 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.