First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Shares Shorted: Short Interest Down 71.8% in September

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) was the recipient of a significant drop in short interest in September. As of September 15th, there was short interest totaling 45,252 shares, a drop of 71.8% from the August 31st total of 160,590 shares. Based on an average daily volume of 235,321 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

First Trust Limited Duration Investment Grade Corporate ETF Stock Performance

Shares of NYSEARCA:FSIG traded down $0.08 during midday trading on Monday, hitting $18.35. 255,303 shares of the stock were exchanged, compared to its average volume of 379,589. The business’s 50-day moving average price is $18.73 and its 200 day moving average price is $18.86. First Trust Limited Duration Investment Grade Corporate ETF has a 12 month low of $18.35 and a 12 month high of $19.33.

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

Several hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. increased its position in First Trust Limited Duration Investment Grade Corporate ETF by 0.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,972,353 shares of the company’s stock valued at $37,189,000 after acquiring an additional 7,017 shares during the period. Integrated Wealth Concepts LLC raised its stake in shares of First Trust Limited Duration Investment Grade Corporate ETF by 7.4% during the second quarter. Integrated Wealth Concepts LLC now owns 209,657 shares of the company’s stock valued at $3,953,000 after acquiring an additional 14,523 shares during the last quarter. RFG Advisory LLC lifted its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF by 29.1% during the second quarter. RFG Advisory LLC now owns 176,300 shares of the company’s stock worth $3,324,000 after purchasing an additional 39,739 shares during the period. Citadel Advisors LLC acquired a new position in shares of First Trust Limited Duration Investment Grade Corporate ETF during the second quarter worth $10,607,000. Finally, Guardian Wealth Advisors LLC NC lifted its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF by 139.2% during the second quarter. Guardian Wealth Advisors LLC NC now owns 40,060 shares of the company’s stock worth $755,000 after purchasing an additional 23,310 shares during the period.

First Trust Limited Duration Investment Grade Corporate ETF Company Profile

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.