First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG – Get Free Report) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 21,520 shares, an increase of 68.7% from the July 15th total of 12,753 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 174,410 shares, the short-interest ratio is presently 0.1 days.
Institutional Investors Weigh In On First Trust Intermediate Duration Investment Grade Corporate ETF
A number of large investors have recently bought and sold shares of FIIG. Commonwealth Equity Services LLC lifted its position in First Trust Intermediate Duration Investment Grade Corporate ETF by 362.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 2,097,756 shares of the company’s stock worth $44,472,000 after buying an additional 1,644,507 shares in the last quarter. LPL Financial LLC increased its position in First Trust Intermediate Duration Investment Grade Corporate ETF by 16.0% in the 4th quarter. LPL Financial LLC now owns 4,410,462 shares of the company’s stock valued at $93,502,000 after acquiring an additional 609,714 shares in the last quarter. Manchester Financial Inc. increased its position in First Trust Intermediate Duration Investment Grade Corporate ETF by 64.0% in the 4th quarter. Manchester Financial Inc. now owns 957,492 shares of the company’s stock valued at $20,299,000 after acquiring an additional 373,627 shares in the last quarter. Concurrent Investment Advisors LLC raised its stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 114.9% in the fourth quarter. Concurrent Investment Advisors LLC now owns 670,866 shares of the company’s stock worth $14,222,000 after acquiring an additional 358,716 shares during the last quarter. Finally, Stephens Inc. AR raised its stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 80.4% in the first quarter. Stephens Inc. AR now owns 761,660 shares of the company’s stock worth $15,804,000 after acquiring an additional 339,533 shares during the last quarter.
First Trust Intermediate Duration Investment Grade Corporate ETF Price Performance
First Trust Intermediate Duration Investment Grade Corporate ETF stock traded down $0.06 during trading hours on Monday, hitting $20.39. 62,030 shares of the stock were exchanged, compared to its average volume of 193,125. The business’s 50-day moving average is $20.59 and its two-hundred day moving average is $20.79. First Trust Intermediate Duration Investment Grade Corporate ETF has a 12 month low of $20.30 and a 12 month high of $21.49.
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.
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