Short Interest in First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) Rises By 212.1%

First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 83,919 shares, an increase of 212.1% from the June 15th total of 26,889 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average trading volume of 198,405 shares, the days-to-cover ratio is currently 0.4 days.

First Trust Intermediate Duration Investment Grade Corporate ETF Trading Up 0.3%

Shares of FIIG stock traded up $0.07 on Tuesday, hitting $20.57. The company’s stock had a trading volume of 83,843 shares, compared to its average volume of 203,681. First Trust Intermediate Duration Investment Grade Corporate ETF has a fifty-two week low of $20.43 and a fifty-two week high of $21.49. The stock’s 50 day moving average is $20.70 and its 200-day moving average is $20.91.

Institutional Investors Weigh In On First Trust Intermediate Duration Investment Grade Corporate ETF

A number of large investors have recently added to or reduced their stakes in the stock. Dynamic Advisor Solutions LLC acquired a new position in First Trust Intermediate Duration Investment Grade Corporate ETF in the second quarter valued at about $722,000. GK Wealth Management LLC acquired a new stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF during the 2nd quarter worth approximately $305,000. NewEdge Advisors LLC increased its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 197.7% in the first quarter. NewEdge Advisors LLC now owns 366,000 shares of the company’s stock valued at $7,594,000 after acquiring an additional 243,074 shares during the last quarter. Arkadios Wealth Advisors acquired a new position in First Trust Intermediate Duration Investment Grade Corporate ETF during the first quarter valued at approximately $354,000. Finally, Royal Bank of Canada raised its position in First Trust Intermediate Duration Investment Grade Corporate ETF by 115.7% during the first quarter. Royal Bank of Canada now owns 52,350 shares of the company’s stock valued at $1,086,000 after purchasing an additional 28,076 shares in the last quarter.

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.