First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Short Interest Down 34.7% in May

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 138,040 shares, a decrease of 34.7% from the May 14th total of 211,308 shares. Based on an average daily trading volume, of 317,582 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are sold short.

First Trust Limited Duration Investment Grade Corporate ETF Stock Performance

FSIG stock opened at $18.90 on Thursday. First Trust Limited Duration Investment Grade Corporate ETF has a 1-year low of $18.80 and a 1-year high of $19.33. The business has a 50-day moving average price of $18.95 and a 200 day moving average price of $19.07.

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

Several hedge funds have recently modified their holdings of the business. Pine Valley Investments Ltd Liability Co boosted its stake in shares of First Trust Limited Duration Investment Grade Corporate ETF by 40.8% during the first quarter. Pine Valley Investments Ltd Liability Co now owns 23,690 shares of the company’s stock valued at $449,000 after purchasing an additional 6,866 shares in the last quarter. Parallel Advisors LLC bought a new position in First Trust Limited Duration Investment Grade Corporate ETF in the first quarter worth approximately $333,000. NewEdge Advisors LLC lifted its holdings in First Trust Limited Duration Investment Grade Corporate ETF by 2.2% during the first quarter. NewEdge Advisors LLC now owns 394,212 shares of the company’s stock worth $7,466,000 after buying an additional 8,600 shares during the period. Western Wealth Management LLC purchased a new stake in First Trust Limited Duration Investment Grade Corporate ETF during the first quarter worth $41,000. Finally, Arkadios Wealth Advisors boosted its position in First Trust Limited Duration Investment Grade Corporate ETF by 25.4% during the 1st quarter. Arkadios Wealth Advisors now owns 18,969 shares of the company’s stock valued at $359,000 after acquiring an additional 3,846 shares in the last quarter.

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.