First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) Short Interest Up 68.7% in July

First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 21,520 shares, a growth of 68.7% from the July 15th total of 12,753 shares. Based on an average daily trading volume, of 174,410 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

First Trust Intermediate Duration Investment Grade Corporate ETF Stock Up 0.0%

First Trust Intermediate Duration Investment Grade Corporate ETF stock opened at $20.40 on Wednesday. First Trust Intermediate Duration Investment Grade Corporate ETF has a 52 week low of $20.30 and a 52 week high of $21.49. The business’s 50-day moving average price is $20.58 and its 200 day moving average price is $20.78.

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

Several hedge funds have recently bought and sold shares of the stock. Aptus Capital Advisors LLC purchased a new position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF during the 4th quarter valued at approximately $32,000. Advisory Services Network LLC purchased a new stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF during the 3rd quarter worth about $61,000. Roxbury Financial LLC purchased a new stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF during the 1st quarter worth about $62,000. Private Trust Co. NA grew its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 406.3% during the 4th quarter. Private Trust Co. NA now owns 4,025 shares of the company’s stock valued at $85,000 after acquiring an additional 3,230 shares during the period. Finally, Evolution Wealth Management Inc. grew its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 15.9% during the 1st quarter. Evolution Wealth Management Inc. now owns 5,085 shares of the company’s stock valued at $106,000 after acquiring an additional 696 shares during the period.

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.