First Trust Core Investment Grade ETF (NYSEARCA:FTCB) Sees Significant Decline in Short Interest

First Trust Core Investment Grade ETF (NYSEARCA:FTCB) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 55,409 shares, a decrease of 90.5% from the September 30th total of 581,604 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 1,698,969 shares, the short-interest ratio is presently 0.0 days.

First Trust Core Investment Grade ETF Trading Down 0.0%

NYSEARCA FTCB traded down $0.01 during trading hours on Tuesday, reaching $20.07. 929,549 shares of the company’s stock traded hands, compared to its average volume of 776,020. The firm has a 50-day simple moving average of $20.17 and a 200 day simple moving average of $20.77. First Trust Core Investment Grade ETF has a 52-week low of $19.65 and a 52-week high of $21.54.

Institutional Investors Weigh In On First Trust Core Investment Grade ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. LVZ Inc. boosted its stake in shares of First Trust Core Investment Grade ETF by 4.6% during the 1st quarter. LVZ Inc. now owns 3,240,435 shares of the company’s stock worth $67,920,000 after acquiring an additional 142,672 shares during the last quarter. Bouchey Financial Group Ltd. grew its stake in shares of First Trust Core Investment Grade ETF by 55.1% during the 2nd quarter. Bouchey Financial Group Ltd. now owns 2,928,857 shares of the company’s stock valued at $61,081,000 after acquiring an additional 1,040,581 shares during the period. Cetera Investment Advisers raised its stake in First Trust Core Investment Grade ETF by 30.5% during the 1st quarter. Cetera Investment Advisers now owns 2,750,968 shares of the company’s stock worth $57,660,000 after acquiring an additional 643,247 shares during the period. Kintra Wealth LLC lifted its holdings in First Trust Core Investment Grade ETF by 124.3% during the second quarter. Kintra Wealth LLC now owns 2,224,625 shares of the company’s stock valued at $45,872,000 after purchasing an additional 1,232,810 shares in the last quarter. Finally, Stephens Inc. AR boosted its position in shares of First Trust Core Investment Grade ETF by 58.6% in the first quarter. Stephens Inc. AR now owns 1,999,530 shares of the company’s stock worth $41,910,000 after purchasing an additional 738,861 shares during the period.

About First Trust Core Investment Grade ETF

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.