First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Short Interest Down 54.5% in August

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 58,096 shares, a decline of 54.5% from the July 30th total of 127,592 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 225,156 shares, the days-to-cover ratio is currently 0.3 days.

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

A number of institutional investors have recently added to or reduced their stakes in the company. Godfrey Financial Associates Inc. purchased a new position in shares of First Trust Limited Duration Investment Grade Corporate ETF in the 4th quarter worth about $36,000. Western Wealth Management LLC acquired a new stake in First Trust Limited Duration Investment Grade Corporate ETF during the 1st quarter worth approximately $41,000. Geneos Wealth Management Inc. increased its position in First Trust Limited Duration Investment Grade Corporate ETF by 68.7% during the 2nd 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 in the last quarter. Compass Financial Management LLC purchased a new position in First Trust Limited Duration Investment Grade Corporate ETF in the second quarter valued at approximately $62,000. Finally, Triumph Capital Management purchased a new position in First Trust Limited Duration Investment Grade Corporate ETF in the third quarter valued at approximately $91,000.

First Trust Limited Duration Investment Grade Corporate ETF Stock Performance

NYSEARCA:FSIG traded down $0.05 during trading hours on Friday, reaching $18.76. 234,567 shares of the company were exchanged, compared to its average volume of 396,101. First Trust Limited Duration Investment Grade Corporate ETF has a 52-week low of $18.71 and a 52-week high of $19.33. The stock has a 50 day simple moving average of $18.83 and a 200 day simple moving average of $18.94.

About First Trust Limited Duration Investment Grade Corporate ETF

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.