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

FT Vest Investment Grade & Target Income ETF (NYSEARCA:LQTI) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 40,712 shares, an increase of 371.1% from the December 31st total of 8,642 shares. Based on an average daily volume of 71,706 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.3% of the shares of the stock are sold short. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 71,706 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of FT Vest Investment Grade & Target Income ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Harbour Investments Inc. bought a new position in FT Vest Investment Grade & Target Income ETF in the second quarter valued at $122,000. Rise Advisors LLC bought a new stake in FT Vest Investment Grade & Target Income ETF in the 3rd quarter worth approximately $153,000. Sulzberger Capital Advisors Inc. purchased a new stake in FT Vest Investment Grade & Target Income ETF in the second quarter worth approximately $207,000. Ferguson Shapiro LLC purchased a new stake in FT Vest Investment Grade & Target Income ETF in the third quarter worth approximately $210,000. Finally, LexAurum Advisors LLC bought a new position in FT Vest Investment Grade & Target Income ETF during the second quarter valued at approximately $244,000.

FT Vest Investment Grade & Target Income ETF Price Performance

Shares of LQTI stock traded up $0.04 during trading hours on Thursday, reaching $20.05. The stock had a trading volume of 96,106 shares, compared to its average volume of 68,090. FT Vest Investment Grade & Target Income ETF has a 12 month low of $19.45 and a 12 month high of $20.66. The stock’s fifty day simple moving average is $20.08 and its 200 day simple moving average is $20.20.

About FT Vest Investment Grade & Target Income ETF

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.