Short Interest in First Trust Bloomberg Inflation Sensitive Equity ETF (NYSEARCA:FTIF) Drops By 61.9%

First Trust Bloomberg Inflation Sensitive Equity ETF (NYSEARCA:FTIF) was the target of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 5,344 shares, a decline of 61.9% from the May 14th total of 14,025 shares. Approximately 3.6% of the company’s stock are sold short. Based on an average daily trading volume, of 797 shares, the short-interest ratio is presently 6.7 days.

First Trust Bloomberg Inflation Sensitive Equity ETF Stock Up 1.0%

First Trust Bloomberg Inflation Sensitive Equity ETF stock traded up $0.29 during trading hours on Friday, hitting $28.31. The stock had a trading volume of 94 shares, compared to its average volume of 3,032. The stock has a market capitalization of $4.25 million, a P/E ratio of 17.44 and a beta of 0.65. First Trust Bloomberg Inflation Sensitive Equity ETF has a 12-month low of $21.11 and a 12-month high of $29.25. The stock’s 50-day moving average price is $27.90 and its 200-day moving average price is $25.87.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in First Trust Bloomberg Inflation Sensitive Equity ETF stock. International Assets Investment Management LLC bought a new position in First Trust Bloomberg Inflation Sensitive Equity ETF (NYSEARCA:FTIF) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,575 shares of the company’s stock, valued at approximately $104,000. International Assets Investment Management LLC owned about 9.15% of First Trust Bloomberg Inflation Sensitive Equity ETF as of its most recent filing with the Securities & Exchange Commission.

About First Trust Bloomberg Inflation Sensitive Equity ETF

The First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an equal-weighted index of US large- and mid-cap stocks considered to benefit directly or indirectly from inflation increases. Selection of individual holdings are based on both fundamental and technical criteria. FTIF was launched on Mar 13, 2023 and is managed by First Trust.