Short Interest in First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) Drops By 93.0%

First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) saw a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 8,999 shares, a drop of 93.0% from the May 14th total of 128,458 shares. Based on an average daily volume of 142,518 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On First Trust Intermediate Duration Investment Grade Corporate ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Aptus Capital Advisors LLC purchased a new position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF in the fourth quarter valued at approximately $32,000. Advisory Services Network LLC purchased a new position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF in the third quarter valued at approximately $61,000. Roxbury Financial LLC purchased a new position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF in the first quarter valued at approximately $62,000. Allworth Financial LP purchased a new position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF in the third quarter valued at approximately $64,000. Finally, Private Trust Co. NA lifted its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 406.3% in the fourth quarter. Private Trust Co. NA now owns 4,025 shares of the company’s stock valued at $85,000 after acquiring an additional 3,230 shares in the last quarter.

First Trust Intermediate Duration Investment Grade Corporate ETF Stock Down 0.1%

FIIG traded down $0.03 during trading on Wednesday, hitting $20.63. The company’s stock had a trading volume of 99,163 shares, compared to its average volume of 209,322. First Trust Intermediate Duration Investment Grade Corporate ETF has a twelve month low of $20.43 and a twelve month high of $21.49. The business’s fifty day simple moving average is $20.77 and its 200 day simple moving average is $21.00.

About First Trust Intermediate Duration Investment Grade Corporate ETF

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.