First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG – Get Free Report) saw a large decline in short interest in 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 trading volume of 317,582 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the company’s stock are short sold.
First Trust Limited Duration Investment Grade Corporate ETF Trading Up 0.1%
NYSEARCA:FSIG traded up $0.01 on Tuesday, hitting $18.95. 118,874 shares of the company’s stock traded hands, compared to its average volume of 394,752. First Trust Limited Duration Investment Grade Corporate ETF has a 1 year low of $18.80 and a 1 year high of $19.33. The firm has a 50-day moving average price of $18.95 and a 200-day moving average price of $19.07.
Institutional Investors Weigh In On First Trust Limited Duration Investment Grade Corporate ETF
Several large investors have recently made changes to their positions in the company. Morgan Stanley raised its position in First Trust Limited Duration Investment Grade Corporate ETF by 4.2% during the fourth quarter. Morgan Stanley now owns 11,476,255 shares of the company’s stock valued at $220,229,000 after acquiring an additional 463,049 shares in the last quarter. LPL Financial LLC lifted its holdings in First Trust Limited Duration Investment Grade Corporate ETF by 8.8% in the 4th quarter. LPL Financial LLC now owns 7,681,212 shares of the company’s stock worth $147,402,000 after purchasing an additional 618,781 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in First Trust Limited Duration Investment Grade Corporate ETF by 2.1% in the 4th quarter. Wells Fargo & Company MN now owns 3,426,972 shares of the company’s stock worth $65,764,000 after purchasing an additional 70,888 shares during the last quarter. First Trust Advisors LP lifted its holdings in First Trust Limited Duration Investment Grade Corporate ETF by 14.0% in the 1st quarter. First Trust Advisors LP now owns 3,272,845 shares of the company’s stock worth $61,988,000 after purchasing an additional 400,983 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in First Trust Limited Duration Investment Grade Corporate ETF by 7.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,395,790 shares of the company’s stock worth $46,021,000 after purchasing an additional 172,385 shares during the last quarter.
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.
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