First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Sees Significant Decrease in Short Interest

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) was the recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 138,040 shares, a decline of 34.7% from the May 14th total of 211,308 shares. Based on an average daily volume of 317,582 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the shares of the company are sold short.

First Trust Limited Duration Investment Grade Corporate ETF Stock Up 0.1%

FSIG traded up $0.01 on Tuesday, hitting $18.95. The company had a trading volume of 118,874 shares, compared to its average volume of 394,752. The company’s fifty day moving average price is $18.95 and its 200 day moving average price is $19.07. First Trust Limited Duration Investment Grade Corporate ETF has a 1-year low of $18.80 and a 1-year high of $19.33.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FSIG. Godfrey Financial Associates Inc. acquired a new position in shares of First Trust Limited Duration Investment Grade Corporate ETF during the fourth quarter worth approximately $36,000. Western Wealth Management LLC bought a new stake in shares of First Trust Limited Duration Investment Grade Corporate ETF in the first quarter valued at about $41,000. Geneos Wealth Management Inc. lifted its stake in shares of First Trust Limited Duration Investment Grade Corporate ETF by 68.7% in the second quarter. Geneos Wealth Management Inc. now owns 2,871 shares of the company’s stock valued at $55,000 after buying an additional 1,169 shares during the period. Triumph Capital Management bought a new stake in shares of First Trust Limited Duration Investment Grade Corporate ETF in the third quarter valued at about $91,000. Finally, Advisory Services Network LLC bought a new stake in shares of First Trust Limited Duration Investment Grade Corporate ETF in the third quarter valued at about $143,000.

First Trust Limited Duration Investment Grade Corporate ETF Company Profile

The First Trust Limited Duration Investment Grade Corporate ETF (FSIG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund seeks to provide current income from an actively managed portfolio of short-term US investment-grade corporate bonds. FSIG was launched on Nov 17, 2021 and is managed by First Trust.