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

by · The Markets Daily

First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG – Get Free Report) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 57,442 shares, a growth of 382.0% from the August 15th total of 11,917 shares. Based on an average daily trading volume, of 186,402 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the company’s stock are short sold.

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

First Trust Intermediate Duration Investment Grade Corporate ETF stock traded down $0.04 during midday trading on Friday, hitting $20.07. 148,892 shares of the company’s stock were exchanged, compared to its average volume of 189,713. The firm has a 50-day moving average of $20.43 and a two-hundred day moving average of $20.68. First Trust Intermediate Duration Investment Grade Corporate ETF has a 12 month low of $20.05 and a 12 month high of $21.49.

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

Several hedge funds and other institutional investors have recently modified their holdings of FIIG. GeoWealth Management LLC raised its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 3.7% in the 3rd quarter. GeoWealth Management LLC now owns 14,661 shares of the company’s stock worth $311,000 after acquiring an additional 519 shares during the last quarter. Evolution Wealth Management Inc. boosted its position in First Trust Intermediate Duration Investment Grade Corporate ETF by 15.9% in the first quarter. Evolution Wealth Management Inc. now owns 5,085 shares of the company’s stock valued at $106,000 after buying an additional 696 shares during the last quarter. Betterment LLC boosted its position in First Trust Intermediate Duration Investment Grade Corporate ETF by 7.2% in the fourth quarter. Betterment LLC now owns 13,460 shares of the company’s stock valued at $285,000 after buying an additional 900 shares during the last quarter. Asset Allocation Strategies LLC raised its position in First Trust Intermediate Duration Investment Grade Corporate ETF by 5.7% during the 1st quarter. Asset Allocation Strategies LLC now owns 20,581 shares of the company’s stock worth $427,000 after buying an additional 1,101 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC lifted its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 2.2% during the 4th quarter. Twin Peaks Wealth Advisors LLC now owns 55,170 shares of the company’s stock valued at $1,168,000 after acquiring an additional 1,178 shares during the period.

About First Trust Intermediate Duration Investment Grade Corporate ETF

(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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