First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Sees Large Increase in Short Interest

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) saw a large increase in short interest in March. As of March 31st, there was short interest totaling 92,921 shares, an increase of 67.8% from the March 15th total of 55,373 shares. Based on an average trading volume of 435,037 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

First Trust Limited Duration Investment Grade Corporate ETF Trading Up 0.2%

Shares of NYSEARCA FSIG traded up $0.03 during mid-day trading on Monday, hitting $19.03. 348,670 shares of the stock traded hands, compared to its average volume of 456,630. First Trust Limited Duration Investment Grade Corporate ETF has a twelve month low of $18.80 and a twelve month high of $19.33. The firm has a 50 day simple moving average of $19.07 and a two-hundred day simple moving average of $19.16.

Institutional Trading of First Trust Limited Duration Investment Grade Corporate ETF

Several institutional investors have recently modified their holdings of FSIG. Godfrey Financial Associates Inc. bought a new stake in shares of First Trust Limited Duration Investment Grade Corporate ETF in the fourth quarter worth $36,000. Geneos Wealth Management Inc. grew its stake in shares of First Trust Limited Duration Investment Grade Corporate ETF by 68.7% in the second quarter. Geneos Wealth Management Inc. now owns 2,871 shares of the company’s stock worth $55,000 after purchasing an additional 1,169 shares during the last quarter. Triumph Capital Management bought a new stake in shares of First Trust Limited Duration Investment Grade Corporate ETF in the third quarter worth $91,000. Advisory Services Network LLC bought a new stake in shares of First Trust Limited Duration Investment Grade Corporate ETF in the third quarter worth $143,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of First Trust Limited Duration Investment Grade Corporate ETF by 5,283.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 7,806 shares of the company’s stock worth $150,000 after purchasing an additional 7,661 shares during the last quarter.

First Trust Limited Duration Investment Grade Corporate ETF Company Profile

The First Trust Limited Duration Investment Grade Corporate ETF (FSIG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund seeks to provide current income from an actively managed portfolio of short-term US investment-grade corporate bonds. FSIG was launched on Nov 17, 2021 and is managed by First Trust.