First Trust Core Investment Grade ETF (NYSEARCA:FTCB – Get Free Report) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 198,883 shares, a growth of 191.4% from the May 14th total of 68,260 shares. Based on an average daily trading volume, of 508,650 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the shares of the company are short sold.
First Trust Core Investment Grade ETF Price Performance
FTCB opened at $20.88 on Friday. First Trust Core Investment Grade ETF has a 12-month low of $20.59 and a 12-month high of $21.87. The firm has a 50 day moving average of $20.91 and a two-hundred day moving average of $21.12.
Hedge Funds Weigh In On First Trust Core Investment Grade ETF
A number of institutional investors have recently bought and sold shares of the business. Comerica Bank raised its position in First Trust Core Investment Grade ETF by 3.1% during the 3rd quarter. Comerica Bank now owns 17,130 shares of the company’s stock worth $365,000 after buying an additional 515 shares during the last quarter. Ameritas Advisory Services LLC raised its position in First Trust Core Investment Grade ETF by 6.2% during the 4th quarter. Ameritas Advisory Services LLC now owns 10,242 shares of the company’s stock worth $217,000 after buying an additional 597 shares during the last quarter. Ascent Group LLC raised its position in First Trust Core Investment Grade ETF by 9.4% during the 4th quarter. Ascent Group LLC now owns 10,535 shares of the company’s stock worth $224,000 after buying an additional 905 shares during the last quarter. Raleigh Capital Management Inc. raised its position in First Trust Core Investment Grade ETF by 15.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 6,841 shares of the company’s stock worth $145,000 after buying an additional 912 shares during the last quarter. Finally, TrueWealth Advisors LLC raised its position in First Trust Core Investment Grade ETF by 5.5% during the 4th quarter. TrueWealth Advisors LLC now owns 17,611 shares of the company’s stock worth $374,000 after buying an additional 914 shares during the last quarter.
First Trust Core Investment Grade ETF Company Profile
The First Trust Core Investment Grade ETF (FTCB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed ETF that provides broad exposure to investment-grade debt securities of various maturities from around the world, including emerging markets. FTCB was launched on Nov 7, 2023 and is issued by First Trust.
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