First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG – Get Free Report) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 45,252 shares, a decline of 71.8% from the August 31st total of 160,590 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 235,321 shares, the short-interest ratio is currently 0.2 days.
First Trust Limited Duration Investment Grade Corporate ETF Trading Up 0.1%
Shares of NYSEARCA FSIG opened at $18.43 on Friday. The stock has a 50 day simple moving average of $18.73 and a 200-day simple moving average of $18.86. First Trust Limited Duration Investment Grade Corporate ETF has a 12-month low of $18.40 and a 12-month high of $19.33.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. LPL Financial LLC grew its stake in shares of First Trust Limited Duration Investment Grade Corporate ETF by 8.8% in the 4th quarter. LPL Financial LLC now owns 7,681,212 shares of the company’s stock worth $147,402,000 after purchasing an additional 618,781 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF by 14.0% in the first quarter. First Trust Advisors LP now owns 3,272,845 shares of the company’s stock worth $61,988,000 after buying an additional 400,983 shares during the period. Royal Bank of Canada increased its position in shares of First Trust Limited Duration Investment Grade Corporate ETF by 2.7% in the first quarter. Royal Bank of Canada now owns 2,043,299 shares of the company’s stock worth $38,701,000 after acquiring an additional 54,351 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF by 0.4% during the second quarter. Envestnet Asset Management Inc. now owns 1,972,353 shares of the company’s stock valued at $37,189,000 after acquiring an additional 7,017 shares during the period. Finally, Cetera Investment Advisers lifted its position in shares of First Trust Limited Duration Investment Grade Corporate ETF by 2.9% in the 1st quarter. Cetera Investment Advisers now owns 869,667 shares of the company’s stock valued at $16,471,000 after acquiring an additional 24,395 shares in the last quarter.
About First Trust Limited Duration Investment Grade Corporate ETF
The First Trust Limited Duration Investment Grade Corporate ETF (FSIG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund seeks to provide current income from an actively managed portfolio of short-term US investment-grade corporate bonds. FSIG was launched on Nov 17, 2021 and is managed by First Trust.
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