First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) Short Interest Update

First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) was the recipient of a large drop in short interest in August. As of August 14th, there was short interest totaling 11,917 shares, a drop of 44.6% from the July 30th total of 21,520 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 101,247 shares, the days-to-cover ratio is currently 0.1 days.

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

Institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. acquired a new position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF during the second quarter valued at about $2,099,000. First Trust Advisors LP raised its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 2.5% in the 2nd quarter. First Trust Advisors LP now owns 234,798 shares of the company’s stock valued at $4,926,000 after purchasing an additional 5,793 shares during the last quarter. NewEdge Advisors LLC boosted its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 191.6% in the 2nd quarter. NewEdge Advisors LLC now owns 81,238 shares of the company’s stock worth $1,704,000 after purchasing an additional 53,380 shares in the last quarter. Betterment LLC acquired a new stake in First Trust Intermediate Duration Investment Grade Corporate ETF in the 2nd quarter worth approximately $287,000. Finally, Jane Street Group LLC acquired a new stake in First Trust Intermediate Duration Investment Grade Corporate ETF in the 2nd quarter worth approximately $1,033,000.

First Trust Intermediate Duration Investment Grade Corporate ETF Stock Down 0.2%

FIIG stock traded down $0.04 on Monday, hitting $20.35. 103,438 shares of the company’s stock were exchanged, compared to its average volume of 193,466. First Trust Intermediate Duration Investment Grade Corporate ETF has a 12-month low of $20.30 and a 12-month high of $21.49. The firm has a 50 day moving average price of $20.52 and a two-hundred day moving average price of $20.74.

First Trust Intermediate Duration Investment Grade Corporate ETF Company Profile

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.