FT Vest Investment Grade & Target Income ETF (NYSEARCA:LQTI – Get Free Report) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 30,156 shares, a drop of 58.7% from the June 15th total of 72,997 shares. Based on an average trading volume of 70,517 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the shares of the stock are short sold.
FT Vest Investment Grade & Target Income ETF Price Performance
NYSEARCA:LQTI traded up $0.03 during midday trading on Tuesday, hitting $18.98. 381,161 shares of the stock were exchanged, compared to its average volume of 87,666. FT Vest Investment Grade & Target Income ETF has a one year low of $18.89 and a one year high of $22.17. The business has a 50-day moving average price of $19.30 and a two-hundred day moving average price of $19.64.
Institutional Trading of FT Vest Investment Grade & Target Income ETF
A number of hedge funds and other institutional investors have recently modified their holdings of LQTI. Kestra Advisory Services LLC acquired a new stake in shares of FT Vest Investment Grade & Target Income ETF in the fourth quarter valued at $216,000. Integrated Wealth Concepts LLC bought a new position in FT Vest Investment Grade & Target Income ETF during the fourth quarter valued at about $251,000. Envestnet Asset Management Inc. acquired a new position in FT Vest Investment Grade & Target Income ETF during the third quarter worth about $336,000. IFP Advisors Inc grew its holdings in FT Vest Investment Grade & Target Income ETF by 34.9% during the fourth quarter. IFP Advisors Inc now owns 17,329 shares of the company’s stock worth $349,000 after acquiring an additional 4,483 shares during the period. Finally, Maridea Wealth Management LLC bought a new stake in FT Vest Investment Grade & Target Income ETF in the first quarter worth about $375,000.
About FT Vest Investment Grade & Target Income ETF
The FT Vest Investment Grade & Target Income ETF (LQTI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that seeks to provide current income and capital appreciation through a synthetic long exposure to the iShares iBoxx Investment Grade Corporate Bond ETF (LQD) and a partial covered call strategy. It seeks an annual rate of approximately 5% over LQDs current annual yield. LQTI was launched on Feb 12, 2025 and is issued by First Trust.
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