First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) Shares Shorted: Short Interest Up 67.8% in September

First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 64,693 shares, an increase of 67.8% from the September 15th total of 38,543 shares. Based on an average trading volume of 141,666 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the company’s stock are sold short.

First Trust Intermediate Duration Investment Grade Corporate ETF Stock Performance

Shares of NYSEARCA:FIIG opened at $19.89 on Friday. First Trust Intermediate Duration Investment Grade Corporate ETF has a 1-year low of $19.52 and a 1-year high of $21.49. The business has a fifty day moving average price of $20.11 and a 200-day moving average price of $20.49.

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

About First Trust Intermediate Duration Investment Grade Corporate ETF

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.