First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Stock Short Interest Falls 87.9%

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 46,246 shares, a drop of 87.9% from the September 30th total of 383,168 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 653,785 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On First Trust Limited Duration Investment Grade Corporate ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Oppenheimer & Co. Inc. acquired a new stake in First Trust Limited Duration Investment Grade Corporate ETF during the third quarter worth about $778,000. Park Avenue Securities LLC bought a new position in First Trust Limited Duration Investment Grade Corporate ETF in the third quarter worth approximately $2,675,000. Sigma Planning Corp purchased a new position in shares of First Trust Limited Duration Investment Grade Corporate ETF during the third quarter worth approximately $1,098,000. Barrett & Company Inc. bought a new stake in shares of First Trust Limited Duration Investment Grade Corporate ETF in the 3rd quarter valued at about $368,000. Finally, WealthBridge Capital Management LLC lifted its position in shares of First Trust Limited Duration Investment Grade Corporate ETF by 7.8% in the third quarter. WealthBridge Capital Management LLC now owns 103,791 shares of the company’s stock valued at $1,908,000 after acquiring an additional 7,513 shares in the last quarter.

First Trust Limited Duration Investment Grade Corporate ETF Stock Up 0.0%

Shares of NYSEARCA:FSIG traded up $0.01 during trading on Tuesday, reaching $18.50. 135,538 shares of the stock were exchanged, compared to its average volume of 405,459. The firm’s 50-day moving average price is $18.59 and its 200 day moving average price is $18.88. First Trust Limited Duration Investment Grade Corporate ETF has a 12-month low of $18.34 and a 12-month high of $19.27.

About First Trust Limited Duration Investment Grade Corporate ETF

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.