FT Vest Investment Grade & Target Income ETF (NYSEARCA:LQTI) Sees Significant Increase in Short Interest

FT Vest Investment Grade & Target Income ETF (NYSEARCA:LQTI) saw a large increase in short interest in October. As of October 30th, there was short interest totaling 20,812 shares, an increase of 26,582.1% from the October 15th total of 78 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 171,235 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. HighTower Advisors LLC purchased a new position in FT Vest Investment Grade & Target Income ETF in the 3rd quarter valued at about $2,238,000. Harbour Investments Inc. purchased a new stake in FT Vest Investment Grade & Target Income ETF during the 3rd quarter worth approximately $227,000. Valmark Advisers Inc. purchased a new stake in FT Vest Investment Grade & Target Income ETF during the 3rd quarter worth approximately $312,000. StoneX Group Inc. acquired a new position in shares of FT Vest Investment Grade & Target Income ETF during the third quarter valued at approximately $252,000. Finally, Commonwealth Equity Services LLC acquired a new position in shares of FT Vest Investment Grade & Target Income ETF during the third quarter valued at approximately $13,644,000.

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

LQTI opened at $18.20 on Wednesday. FT Vest Investment Grade & Target Income ETF has a 52-week low of $17.80 and a 52-week high of $22.17. The firm’s fifty day simple moving average is $18.25 and its two-hundred day simple moving average is $19.11.

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.