Short Interest in First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Expands By 96.5%

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 155,264 shares, an increase of 96.5% from the April 15th total of 79,019 shares. Based on an average daily volume of 307,183 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in FSIG. Envestnet Asset Management Inc. increased its holdings in First Trust Limited Duration Investment Grade Corporate ETF by 7.7% in the third quarter. Envestnet Asset Management Inc. now owns 1,763,472 shares of the company’s stock worth $33,876,000 after purchasing an additional 126,797 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF by 20.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 326,266 shares of the company’s stock worth $6,258,000 after buying an additional 54,357 shares in the last quarter. Csenge Advisory Group boosted its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF by 9.8% during the 3rd quarter. Csenge Advisory Group now owns 1,997,699 shares of the company’s stock worth $38,376,000 after buying an additional 179,086 shares in the last quarter. Assetmark Inc. grew its position in shares of First Trust Limited Duration Investment Grade Corporate ETF by 7.6% during the 3rd quarter. Assetmark Inc. now owns 538,616 shares of the company’s stock worth $10,347,000 after buying an additional 38,099 shares during the period. Finally, IFG Advisory LLC increased its stake in shares of First Trust Limited Duration Investment Grade Corporate ETF by 207.8% in the 3rd quarter. IFG Advisory LLC now owns 228,615 shares of the company’s stock valued at $4,392,000 after acquiring an additional 154,336 shares in the last quarter.

First Trust Limited Duration Investment Grade Corporate ETF Price Performance

NYSEARCA FSIG traded down $0.05 during mid-day trading on Friday, reaching $18.90. 292,330 shares of the stock were exchanged, compared to its average volume of 424,089. First Trust Limited Duration Investment Grade Corporate ETF has a one year low of $18.80 and a one year high of $19.33. The stock has a 50 day simple moving average of $18.98 and a 200-day simple moving average of $19.12.

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.