Short Interest in First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) Drops By 80.8%

First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) was the target of a large drop in short interest during the month of April. As of April 15th, there was short interest totaling 15,173 shares, a drop of 80.8% from the March 31st total of 78,872 shares. Based on an average trading volume of 183,826 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

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

Several institutional investors and hedge funds have recently bought and sold shares of FIIG. Commonwealth Equity Services LLC grew 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 acquiring an additional 1,644,507 shares during the last quarter. LPL Financial LLC grew its position in First Trust Intermediate Duration Investment Grade Corporate ETF by 16.0% during the 4th quarter. LPL Financial LLC now owns 4,410,462 shares of the company’s stock worth $93,502,000 after acquiring an additional 609,714 shares during the last quarter. Manchester Financial Inc. grew its position in First Trust Intermediate Duration Investment Grade Corporate ETF by 64.0% during the 4th quarter. Manchester Financial Inc. now owns 957,492 shares of the company’s stock worth $20,299,000 after acquiring an additional 373,627 shares during the last quarter. Concurrent Investment Advisors LLC grew its position in First Trust Intermediate Duration Investment Grade Corporate ETF by 114.9% during the 4th 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, Mach 1 Financial Group LLC bought a new position in First Trust Intermediate Duration Investment Grade Corporate ETF during the 4th quarter worth approximately $6,663,000.

First Trust Intermediate Duration Investment Grade Corporate ETF Price Performance

FIIG traded up $0.04 on Friday, hitting $20.90. 243,587 shares of the company were exchanged, compared to its average volume of 199,574. The firm has a fifty day simple moving average of $20.95 and a two-hundred day simple moving average of $21.12. 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.