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

First Trust Core Investment Grade ETF (NYSEARCA:FTCB) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 244,294 shares, an increase of 230.2% from the April 15th total of 73,981 shares. Based on an average daily trading volume, of 761,052 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the company’s stock are sold short.

Hedge Funds 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. Rockefeller Capital Management L.P. acquired a new stake in shares of First Trust Core Investment Grade ETF during the 4th quarter worth about $29,000. Ameriflex Group Inc. acquired a new stake in shares of First Trust Core Investment Grade ETF during the 3rd quarter worth about $35,000. Sound Income Strategies LLC acquired a new stake in shares of First Trust Core Investment Grade ETF during the 4th quarter worth about $43,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of First Trust Core Investment Grade ETF during the 1st quarter worth about $43,000. Finally, Torren Management LLC acquired a new stake in shares of First Trust Core Investment Grade ETF during the 1st quarter worth about $43,000.

First Trust Core Investment Grade ETF Stock Performance

NYSEARCA:FTCB traded down $0.14 during midday trading on Friday, reaching $20.74. The stock had a trading volume of 346,284 shares, compared to its average volume of 778,250. First Trust Core Investment Grade ETF has a 1-year low of $20.28 and a 1-year high of $21.87. The firm’s fifty day simple moving average is $21.01 and its 200-day simple moving average is $21.20.

First Trust Core Investment Grade ETF Company Profile

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.