First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG – Get Free Report) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 78,394 shares, an increase of 416.7% from the April 15th total of 15,173 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 137,668 shares, the days-to-cover ratio is presently 0.6 days.
First Trust Intermediate Duration Investment Grade Corporate ETF Stock Performance
FIIG stock opened at $20.77 on Wednesday. First Trust Intermediate Duration Investment Grade Corporate ETF has a twelve month low of $20.30 and a twelve month high of $21.49. The stock’s 50 day moving average is $20.86 and its 200-day moving average is $21.08.
Hedge Funds Weigh In On First Trust Intermediate Duration Investment Grade Corporate ETF
Several large investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. lifted its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 3.1% during the third quarter. Envestnet Asset Management Inc. now owns 1,450,474 shares of the company’s stock valued at $30,794,000 after purchasing an additional 43,118 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in First Trust Intermediate Duration Investment Grade Corporate ETF by 21.0% during the third quarter. Commonwealth Equity Services LLC now owns 453,249 shares of the company’s stock worth $9,622,000 after purchasing an additional 78,639 shares during the last quarter. Mutual Advisors LLC grew its position in First Trust Intermediate Duration Investment Grade Corporate ETF by 413.8% in the 3rd quarter. Mutual Advisors LLC now owns 181,282 shares of the company’s stock worth $3,864,000 after purchasing an additional 145,997 shares in the last quarter. HighTower Advisors LLC increased its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 70.3% in the 3rd quarter. HighTower Advisors LLC now owns 325,134 shares of the company’s stock valued at $6,903,000 after buying an additional 134,233 shares during the last quarter. Finally, TCP Asset Management LLC increased its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 7.0% in the 4th quarter. TCP Asset Management LLC now owns 953,224 shares of the company’s stock valued at $20,208,000 after buying an additional 62,186 shares during the last quarter.
About First Trust Intermediate Duration Investment Grade Corporate ETF
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.
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