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 large growth in short interest in the month of May. As of May 29th, there was short interest totaling 198,883 shares, a growth of 191.4% from the May 14th total of 68,260 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 508,650 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On First Trust Core Investment Grade ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. LPL Financial LLC grew its stake in First Trust Core Investment Grade ETF by 41.6% in the 4th quarter. LPL Financial LLC now owns 12,413,458 shares of the company’s stock valued at $263,538,000 after acquiring an additional 3,649,333 shares during the period. Morgan Stanley grew its stake in First Trust Core Investment Grade ETF by 16.3% in the 4th quarter. Morgan Stanley now owns 6,203,204 shares of the company’s stock valued at $131,694,000 after acquiring an additional 871,355 shares during the period. LVZ Inc. grew its stake in First Trust Core Investment Grade ETF by 4.6% in the 1st quarter. LVZ Inc. now owns 3,240,435 shares of the company’s stock valued at $67,920,000 after acquiring an additional 142,672 shares during the period. Cetera Investment Advisers grew its stake in First Trust Core Investment Grade ETF by 30.5% in the 1st quarter. Cetera Investment Advisers now owns 2,750,968 shares of the company’s stock valued at $57,660,000 after acquiring an additional 643,247 shares during the period. Finally, Long Run Wealth Advisors LLC grew its stake in First Trust Core Investment Grade ETF by 2.9% in the 4th quarter. Long Run Wealth Advisors LLC now owns 2,231,568 shares of the company’s stock valued at $47,376,000 after acquiring an additional 63,259 shares during the period.

First Trust Core Investment Grade ETF Price Performance

First Trust Core Investment Grade ETF stock opened at $20.88 on Friday. The company’s fifty day moving average price is $20.91 and its 200 day moving average price is $21.12. First Trust Core Investment Grade ETF has a 1 year low of $20.59 and a 1 year high of $21.87.

First Trust Core Investment Grade ETF Company Profile

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.