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 significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 18,766 shares, a growth of 261.4% from the June 30th total of 5,193 shares. Based on an average daily trading volume, of 546,850 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. bought a new stake in shares of First Trust Limited Duration Investment Grade Corporate ETF during the first quarter valued at approximately $1,366,000. Jane Street Group LLC raised its holdings in First Trust Limited Duration Investment Grade Corporate ETF by 90.4% in the first quarter. Jane Street Group LLC now owns 281,857 shares of the company’s stock worth $5,338,000 after purchasing an additional 133,784 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in First Trust Limited Duration Investment Grade Corporate ETF by 1,140.1% in the second quarter. JPMorgan Chase & Co. now owns 28,460 shares of the company’s stock worth $544,000 after purchasing an additional 26,165 shares in the last quarter. Darwin Wealth Management LLC purchased a new position in First Trust Limited Duration Investment Grade Corporate ETF during the second quarter valued at $678,000. Finally, Raymond James Financial Inc. boosted its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF by 13.7% during the 2nd quarter. Raymond James Financial Inc. now owns 1,025,541 shares of the company’s stock valued at $19,608,000 after buying an additional 123,516 shares in the last quarter.

First Trust Limited Duration Investment Grade Corporate ETF Price Performance

FSIG stock remained flat at $18.75 during trading on Monday. 422,311 shares of the company were exchanged, compared to its average volume of 425,361. First Trust Limited Duration Investment Grade Corporate ETF has a 12 month low of $18.71 and a 12 month high of $19.33. The business’s 50 day moving average price is $18.88 and its 200 day moving average price is $19.00.

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.