First Trust Bloomberg Inflation Sensitive Equity ETF (NYSEARCA:FTIF) Stock Short Interest Rises 3,415.0%

First Trust Bloomberg Inflation Sensitive Equity ETF (NYSEARCA:FTIF) was the recipient of a significant growth in short interest in October. As of October 30th, there was short interest totaling 3,972 shares, a growth of 3,415.0% from the October 15th total of 113 shares. Based on an average daily volume of 2,041 shares, the days-to-cover ratio is presently 1.9 days. Currently, 2.0% of the company’s stock are sold short.

First Trust Bloomberg Inflation Sensitive Equity ETF Trading Up 1.1%

FTIF stock opened at $29.27 on Thursday. First Trust Bloomberg Inflation Sensitive Equity ETF has a 1 year low of $21.56 and a 1 year high of $30.37. The company has a fifty day simple moving average of $29.05 and a 200 day simple moving average of $27.84. The firm has a market cap of $5.85 million, a PE ratio of 14.58 and a beta of 0.62.

About First Trust Bloomberg Inflation Sensitive Equity ETF

The First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an equal-weighted index of US large- and mid-cap stocks considered to benefit directly or indirectly from inflation increases. Selection of individual holdings are based on both fundamental and technical criteria. FTIF was launched on Mar 13, 2023 and is managed by First Trust.