First Trust Core Investment Grade ETF (NYSEARCA:FTCB) Sees Large Growth in Short Interest

First Trust Core Investment Grade ETF (NYSEARCA:FTCB) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 476,240 shares, a growth of 88.6% from the July 15th total of 252,460 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 714,726 shares, the short-interest ratio is presently 0.7 days.

First Trust Core Investment Grade ETF Price Performance

Shares of NYSEARCA:FTCB traded down $0.03 during midday trading on Monday, hitting $20.56. The company had a trading volume of 488,901 shares, compared to its average volume of 731,328. First Trust Core Investment Grade ETF has a twelve month low of $20.45 and a twelve month high of $21.87. The business’s 50-day simple moving average is $20.73 and its 200-day simple moving average is $20.94.

Institutional Trading of First Trust Core Investment Grade ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada acquired a new position in shares of First Trust Core Investment Grade ETF during the 1st quarter valued at about $5,148,000. NewEdge Advisors LLC increased its position in First Trust Core Investment Grade ETF by 39.8% during the second quarter. NewEdge Advisors LLC now owns 194,246 shares of the company’s stock worth $4,091,000 after purchasing an additional 55,307 shares during the last quarter. Betterment LLC purchased a new position in First Trust Core Investment Grade ETF during the second quarter worth about $257,000. Jane Street Group LLC raised its stake in First Trust Core Investment Grade ETF by 137.5% during the second quarter. Jane Street Group LLC now owns 213,459 shares of the company’s stock worth $4,495,000 after purchasing an additional 123,570 shares during the period. Finally, Benjamin Edwards Inc. boosted its holdings in First Trust Core Investment Grade ETF by 64.0% in the 2nd quarter. Benjamin Edwards Inc. now owns 468,753 shares of the company’s stock valued at $9,872,000 after purchasing an additional 182,997 shares during the last quarter.

About First Trust Core Investment Grade ETF

The First Trust Core Investment Grade ETF (FTCB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed ETF that provides broad exposure to investment-grade debt securities of various maturities from around the world, including emerging markets. FTCB was launched on Nov 7, 2023 and is issued by First Trust.