First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) Stock Short Interest Rises 67.8%

First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 64,693 shares, a growth of 67.8% from the September 15th total of 38,543 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 141,666 shares, the days-to-cover ratio is presently 0.5 days.

First Trust Intermediate Duration Investment Grade Corporate ETF Trading Up 0.6%

Shares of First Trust Intermediate Duration Investment Grade Corporate ETF stock opened at $19.89 on Friday. The company has a 50-day moving average of $20.11 and a 200 day moving average of $20.49. First Trust Intermediate Duration Investment Grade Corporate ETF has a 1 year low of $19.52 and a 1 year high of $21.49.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of FIIG. Envestnet Asset Management Inc. increased its stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 12.8% during the second quarter. Envestnet Asset Management Inc. now owns 1,909,100 shares of the company’s stock valued at $39,537,000 after purchasing an additional 216,084 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 1.5% in the 1st quarter. Cetera Investment Advisers now owns 1,729,781 shares of the company’s stock worth $35,893,000 after purchasing an additional 24,855 shares in the last quarter. Manchester Financial Inc. boosted its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 11.5% in the 1st quarter. Manchester Financial Inc. now owns 1,068,062 shares of the company’s stock worth $22,162,000 after purchasing an additional 110,570 shares in the last quarter. Stephens Inc. AR grew its stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 80.4% in the 1st quarter. Stephens Inc. AR now owns 761,660 shares of the company’s stock worth $15,804,000 after buying an additional 339,533 shares during the last quarter. Finally, Kestra Advisory Services LLC grew its stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 6.5% in the 1st quarter. Kestra Advisory Services LLC now owns 571,903 shares of the company’s stock worth $11,867,000 after buying an additional 34,882 shares during the last quarter.

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.