First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) Short Interest Update

First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 78,394 shares, an increase of 416.7% from the April 15th total of 15,173 shares. Based on an average daily trading volume, of 137,668 shares, the short-interest ratio is currently 0.6 days. Approximately 0.2% of the company’s stock are sold short.

Institutional Trading of First Trust Intermediate Duration Investment Grade Corporate ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in FIIG. LPL Financial LLC boosted its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 16.0% in the 4th quarter. LPL Financial LLC now owns 4,410,462 shares of the company’s stock valued at $93,502,000 after purchasing an additional 609,714 shares during the period. Morgan Stanley boosted its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 6.7% in the fourth quarter. Morgan Stanley now owns 2,482,467 shares of the company’s stock valued at $52,628,000 after acquiring an additional 156,715 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 362.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 2,097,756 shares of the company’s stock valued at $44,472,000 after acquiring an additional 1,644,507 shares during the period. Cetera Investment Advisers grew its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 1.5% during the first quarter. Cetera Investment Advisers now owns 1,729,781 shares of the company’s stock worth $35,893,000 after acquiring an additional 24,855 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 3.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,450,474 shares of the company’s stock valued at $30,794,000 after acquiring an additional 43,118 shares during the period.

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

NYSEARCA FIIG opened at $20.77 on Friday. The firm’s fifty day moving average price is $20.85 and its 200 day moving average price is $21.07. First Trust Intermediate Duration Investment Grade Corporate ETF has a 12 month low of $20.30 and a 12 month high of $21.49.

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.