First Trust Balanced Income ETF (NYSEARCA:FTBI) Short Interest Down 42.7% in August

First Trust Balanced Income ETF (NYSEARCA:FTBI) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 18,356 shares, a decline of 42.7% from the August 15th total of 32,030 shares. Currently, 1.8% of the shares of the company are short sold. Based on an average trading volume of 8,410 shares, the days-to-cover ratio is currently 2.2 days.

Institutional Investors Weigh In On First Trust Balanced Income ETF

Several institutional investors have recently made changes to their positions in FTBI. Integrated Wealth Concepts LLC purchased a new stake in First Trust Balanced Income ETF during the second quarter worth $89,000. Kestra Advisory Services LLC boosted its position in shares of First Trust Balanced Income ETF by 78.1% in the 1st quarter. Kestra Advisory Services LLC now owns 15,212 shares of the company’s stock worth $317,000 after buying an additional 6,673 shares in the last quarter. Finally, Harbour Investments Inc. purchased a new stake in shares of First Trust Balanced Income ETF in the 4th quarter worth about $49,000.

First Trust Balanced Income ETF Stock Down 0.3%

FTBI traded down $0.07 on Wednesday, hitting $21.33. 27,657 shares of the company traded hands, compared to its average volume of 5,304. First Trust Balanced Income ETF has a 12-month low of $19.81 and a 12-month high of $24.14. The company has a 50 day moving average of $21.69 and a 200-day moving average of $21.56.

About First Trust Balanced Income ETF

The First Trust Balanced Income ETF (FTBI) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund tracks an index that allocates to exchange-traded funds across three asset classes: target income and buy-write income equity, actively managed investment grade fixed income, and target income commodities. FTBI was launched on May 28, 2025 and is issued by First Trust.