First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) Stock Short Interest Report for October

First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) saw a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 32,397 shares, a drop of 49.9% from the September 30th total of 64,693 shares. Based on an average daily volume of 210,678 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

First Trust Intermediate Duration Investment Grade Corporate ETF Stock Performance

Shares of NYSEARCA FIIG traded up $0.04 during midday trading on Friday, reaching $20.02. 203,106 shares of the stock were exchanged, compared to its average volume of 187,255. The stock has a 50 day moving average price of $20.00 and a 200-day moving average price of $20.60. First Trust Intermediate Duration Investment Grade Corporate ETF has a 52-week low of $19.52 and a 52-week high of $21.38.

Institutional Trading of First Trust Intermediate Duration Investment Grade Corporate ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Evolution Wealth Management Inc. raised its holdings in First Trust Intermediate Duration Investment Grade Corporate ETF by 15.9% in 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 last quarter. Compass Financial Management LLC purchased a new position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF during the 3rd quarter worth $118,000. Triumph Capital Management lifted its stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 115.0% during the 2nd quarter. Triumph Capital Management now owns 9,030 shares of the company’s stock worth $187,000 after purchasing an additional 4,830 shares during the period. Tucker Asset Management LLC lifted its stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 7.7% during the 3rd quarter. Tucker Asset Management LLC now owns 10,482 shares of the company’s stock worth $206,000 after purchasing an additional 752 shares during the period. Finally, Heritage Wealth Management Inc. acquired a new stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF during the third quarter worth $228,000.

First Trust Intermediate Duration Investment Grade Corporate ETF Company Profile

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.