First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG – Get Free Report) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 26,889 shares, an increase of 198.8% from the May 31st total of 8,999 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 125,202 shares, the short-interest ratio is currently 0.2 days.
First Trust Intermediate Duration Investment Grade Corporate ETF Trading Up 0.1%
FIIG traded up $0.02 during trading on Friday, reaching $20.77. The company’s stock had a trading volume of 640,084 shares, compared to its average volume of 203,843. The firm has a fifty day simple moving average of $20.74 and a two-hundred day simple moving average of $20.95. First Trust Intermediate Duration Investment Grade Corporate ETF has a 1 year low of $20.43 and a 1 year high of $21.49.
Hedge Funds Weigh In On First Trust Intermediate Duration Investment Grade Corporate ETF
A number of institutional investors have recently added to or reduced their stakes in FIIG. Aptus Capital Advisors LLC acquired a new position in First Trust Intermediate Duration Investment Grade Corporate ETF during the fourth quarter worth $32,000. Advisory Services Network LLC acquired a new stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF in the 3rd quarter worth $61,000. Roxbury Financial LLC acquired a new stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF in the 1st quarter worth $62,000. Allworth Financial LP purchased a new position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF during the 3rd quarter worth $64,000. Finally, Private Trust Co. NA raised its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 406.3% during the 4th quarter. Private Trust Co. NA now owns 4,025 shares of the company’s stock worth $85,000 after acquiring an additional 3,230 shares during the period.
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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