First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG – Get Free Report) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 32,397 shares, a drop of 49.9% from the September 30th total of 64,693 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 210,678 shares, the days-to-cover ratio is currently 0.2 days.
First Trust Intermediate Duration Investment Grade Corporate ETF Price Performance
FIIG stock traded up $0.04 during mid-day trading on Monday, reaching $20.05. 33,897 shares of the company traded hands, compared to its average volume of 186,512. First Trust Intermediate Duration Investment Grade Corporate ETF has a fifty-two week low of $19.52 and a fifty-two week high of $21.38. The firm’s 50 day moving average price is $20.00 and its 200 day moving average price is $20.60.
Institutional Trading of First Trust Intermediate Duration Investment Grade Corporate ETF
Institutional investors and hedge funds have recently modified their holdings of the business. Evolution Wealth Management Inc. increased its holdings 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 worth $106,000 after buying an additional 696 shares during the last quarter. Compass Financial Management LLC bought a new stake in First Trust Intermediate Duration Investment Grade Corporate ETF during the 3rd quarter valued at $118,000. Triumph Capital Management lifted its holdings in First Trust Intermediate Duration Investment Grade Corporate ETF by 115.0% during the 2nd quarter. Triumph Capital Management now owns 9,030 shares of the company’s stock worth $187,000 after purchasing an additional 4,830 shares in the last quarter. Tucker Asset Management LLC increased its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 7.7% during the third quarter. Tucker Asset Management LLC now owns 10,482 shares of the company’s stock valued at $206,000 after buying an additional 752 shares during the period. Finally, Heritage Wealth Management Inc. purchased a new stake in First Trust Intermediate Duration Investment Grade Corporate ETF in the 3rd quarter worth approximately $228,000.
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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