First Trust Bloomberg Inflation Sensitive Equity ETF (NYSEARCA:FTIF) Sees Large Decline in Short Interest

First Trust Bloomberg Inflation Sensitive Equity ETF (NYSEARCA:FTIFGet Free Report) saw a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 5,344 shares, a drop of 61.9% from the May 14th total of 14,025 shares. Approximately 3.6% of the shares of the company are sold short. Based on an average daily volume of 797 shares, the short-interest ratio is presently 6.7 days.

Institutional Trading of First Trust Bloomberg Inflation Sensitive Equity ETF

An institutional investor recently bought a new position in First Trust Bloomberg Inflation Sensitive Equity ETF stock. International Assets Investment Management LLC purchased a new stake in shares of First Trust Bloomberg Inflation Sensitive Equity ETF (NYSEARCA:FTIFFree Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,575 shares of the company’s stock, valued at approximately $104,000. International Assets Investment Management LLC owned 9.15% of First Trust Bloomberg Inflation Sensitive Equity ETF as of its most recent SEC filing.

First Trust Bloomberg Inflation Sensitive Equity ETF Stock Performance

Shares of NYSEARCA:FTIF traded up $0.29 during midday trading on Friday, reaching $28.31. The company had a trading volume of 94 shares, compared to its average volume of 3,032. First Trust Bloomberg Inflation Sensitive Equity ETF has a 1-year low of $21.11 and a 1-year high of $29.25. The firm has a market cap of $4.25 million, a price-to-earnings ratio of 17.44 and a beta of 0.65. The company has a fifty day simple moving average of $27.90 and a two-hundred day simple moving average of $25.87.

First Trust Bloomberg Inflation Sensitive Equity ETF Company Profile

(Get Free Report)

The First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an equal-weighted index of US large- and mid-cap stocks considered to benefit directly or indirectly from inflation increases. Selection of individual holdings are based on both fundamental and technical criteria. FTIF was launched on Mar 13, 2023 and is managed by First Trust.

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