FT Vest Investment Grade & Target Income ETF (NYSEARCA:LQTI) Sees Large Drop in Short Interest

FT Vest Investment Grade & Target Income ETF (NYSEARCA:LQTI) saw a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 6,865 shares, a decrease of 62.8% from the July 15th total of 18,465 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 112,519 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On FT Vest Investment Grade & Target Income ETF

Several institutional investors have recently made changes to their positions in LQTI. Kestra Advisory Services LLC purchased a new position in shares of FT Vest Investment Grade & Target Income ETF in the fourth quarter worth approximately $216,000. Integrated Wealth Concepts LLC purchased a new stake in FT Vest Investment Grade & Target Income ETF during the fourth quarter valued at approximately $251,000. Envestnet Asset Management Inc. bought a new position in FT Vest Investment Grade & Target Income ETF in the third quarter worth approximately $336,000. IFP Advisors Inc raised its position in FT Vest Investment Grade & Target Income ETF by 34.9% in the fourth quarter. IFP Advisors Inc now owns 17,329 shares of the company’s stock worth $349,000 after acquiring an additional 4,483 shares during the period. Finally, Maridea Wealth Management LLC bought a new position in FT Vest Investment Grade & Target Income ETF in the first quarter worth approximately $375,000.

FT Vest Investment Grade & Target Income ETF Stock Down 0.3%

LQTI stock traded down $0.05 during trading on Friday, reaching $18.75. The stock had a trading volume of 13,411 shares, compared to its average volume of 89,668. The stock’s 50 day moving average is $19.07 and its two-hundred day moving average is $19.45. FT Vest Investment Grade & Target Income ETF has a 52 week low of $18.61 and a 52 week high of $22.17.

FT Vest Investment Grade & Target Income ETF Company Profile

The FT Vest Investment Grade & Target Income ETF (LQTI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that seeks to provide current income and capital appreciation through a synthetic long exposure to the iShares iBoxx Investment Grade Corporate Bond ETF (LQD) and a partial covered call strategy. It seeks an annual rate of approximately 5% over LQDs current annual yield. LQTI was launched on Feb 12, 2025 and is issued by First Trust.