First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) Stock Short Interest Report for October

by · The Markets Daily

First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG – Get Free Report) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 32,397 shares, a drop of 49.9% from the September 30th total of 64,693 shares. Based on an average daily trading volume, of 210,678 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

First Trust Intermediate Duration Investment Grade Corporate ETF Price Performance

Shares of FIIG stock traded up $0.04 during midday trading on Friday, reaching $20.02. 203,106 shares of the company traded hands, compared to its average volume of 187,255. The firm’s 50 day simple moving average is $20.00 and its two-hundred day simple moving average is $20.60. First Trust Intermediate Duration Investment Grade Corporate ETF has a 1-year low of $19.52 and a 1-year high of $21.38.

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

Hedge funds have recently bought and sold shares of the company. Stephens Inc. AR lifted its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 80.4% in the 1st quarter. Stephens Inc. AR now owns 761,660 shares of the company’s stock valued at $15,804,000 after buying an additional 339,533 shares in the last quarter. NewEdge Advisors LLC increased its position in First Trust Intermediate Duration Investment Grade Corporate ETF by 197.7% during the first quarter. NewEdge Advisors LLC now owns 366,000 shares of the company’s stock worth $7,594,000 after buying an additional 243,074 shares in the last quarter. Envestnet Asset Management Inc. increased its position in First Trust Intermediate Duration Investment Grade Corporate ETF by 12.8% during the second quarter. Envestnet Asset Management Inc. now owns 1,909,100 shares of the company’s stock worth $39,537,000 after buying an additional 216,084 shares in the last quarter. Independent Financial Group LLC acquired a new position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF in the first quarter worth $2,656,000. Finally, Avior Wealth Management LLC purchased a new stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF in the third quarter valued at $2,430,000.

First Trust Intermediate Duration Investment Grade Corporate ETF Company Profile

(Get Free Report)

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.

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