FT Vest Investment Grade & Target Income ETF (NYSEARCA:LQTI) Short Interest Up 132.9% in June

FT Vest Investment Grade & Target Income ETF (NYSEARCA:LQTI) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 72,997 shares, an increase of 132.9% from the May 31st total of 31,337 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 71,697 shares, the short-interest ratio is currently 1.0 days.

FT Vest Investment Grade & Target Income ETF Trading Down 0.7%

LQTI stock traded down $0.14 during trading on Tuesday, hitting $19.31. The company had a trading volume of 58,030 shares, compared to its average volume of 85,463. FT Vest Investment Grade & Target Income ETF has a 52-week low of $18.89 and a 52-week high of $22.17. The company has a 50 day simple moving average of $19.38 and a 200-day simple moving average of $19.70.

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

Institutional investors have recently modified their holdings of the stock. Southern Financial Group LLC raised its stake in shares of FT Vest Investment Grade & Target Income ETF by 3.6% during the first quarter. Southern Financial Group LLC now owns 37,684 shares of the company’s stock valued at $738,000 after acquiring an additional 1,304 shares in the last quarter. NewEdge Advisors LLC grew its stake in FT Vest Investment Grade & Target Income ETF by 216.9% in the first quarter. NewEdge Advisors LLC now owns 169,582 shares of the company’s stock worth $3,320,000 after purchasing an additional 116,072 shares in the last quarter. Cetera Investment Advisers grew its stake in FT Vest Investment Grade & Target Income ETF by 126.2% in the first quarter. Cetera Investment Advisers now owns 469,083 shares of the company’s stock worth $9,185,000 after purchasing an additional 261,680 shares in the last quarter. Insight Advisors LLC PA increased its holdings in FT Vest Investment Grade & Target Income ETF by 31.0% during the 1st quarter. Insight Advisors LLC PA now owns 135,888 shares of the company’s stock worth $2,661,000 after purchasing an additional 32,177 shares during the period. Finally, Independent Financial Group LLC purchased a new position in FT Vest Investment Grade & Target Income ETF during the 1st quarter worth $1,618,000.

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.