First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) Short Interest Update

First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 21,520 shares, a growth of 68.7% from the July 15th total of 12,753 shares. Based on an average daily volume of 174,410 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

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

NYSEARCA:FIIG traded up $0.03 during mid-day trading on Tuesday, reaching $20.42. The stock had a trading volume of 46,269 shares, compared to its average volume of 192,157. First Trust Intermediate Duration Investment Grade Corporate ETF has a 1-year low of $20.30 and a 1-year high of $21.49. The stock’s 50 day simple moving average is $20.58 and its two-hundred day simple moving average is $20.79.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in FIIG. Aptus Capital Advisors LLC bought a new stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF in the 4th quarter valued at approximately $32,000. Advisory Services Network LLC bought a new position in First Trust Intermediate Duration Investment Grade Corporate ETF during the third quarter worth $61,000. Roxbury Financial LLC acquired a new position in First Trust Intermediate Duration Investment Grade Corporate ETF in the first quarter worth $62,000. Private Trust Co. NA boosted its holdings in First Trust Intermediate Duration Investment Grade Corporate ETF by 406.3% in the fourth quarter. Private Trust Co. NA now owns 4,025 shares of the company’s stock worth $85,000 after purchasing an additional 3,230 shares during the period. Finally, Evolution Wealth Management Inc. increased its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 15.9% during the first quarter. Evolution Wealth Management Inc. now owns 5,085 shares of the company’s stock valued at $106,000 after purchasing an additional 696 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.