First Trust Core Investment Grade ETF (NYSEARCA:FTCB) Short Interest Update

First Trust Core Investment Grade ETF (NYSEARCA:FTCB) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 102,385 shares, a drop of 48.5% from the May 31st total of 198,883 shares. Based on an average daily trading volume, of 479,165 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

First Trust Core Investment Grade ETF Stock Up 0.1%

Shares of First Trust Core Investment Grade ETF stock traded up $0.02 on Thursday, hitting $20.84. The stock had a trading volume of 416,266 shares, compared to its average volume of 725,559. First Trust Core Investment Grade ETF has a one year low of $20.59 and a one year high of $21.87. The stock’s 50-day simple moving average is $20.87 and its two-hundred day simple moving average is $21.07.

Hedge Funds Weigh In On First Trust Core Investment Grade ETF

A number of hedge funds have recently modified their holdings of FTCB. LPL Financial LLC grew its stake in shares of First Trust Core Investment Grade ETF by 41.6% in the fourth quarter. LPL Financial LLC now owns 12,413,458 shares of the company’s stock worth $263,538,000 after purchasing an additional 3,649,333 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in First Trust Core Investment Grade ETF by 14,236.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,389,242 shares of the company’s stock valued at $29,494,000 after acquiring an additional 1,379,552 shares in the last quarter. Morgan Stanley increased its position in First Trust Core Investment Grade ETF by 16.3% during the 4th quarter. Morgan Stanley now owns 6,203,204 shares of the company’s stock valued at $131,694,000 after purchasing an additional 871,355 shares during the period. Stephens Inc. AR increased its position in First Trust Core Investment Grade ETF by 58.6% during the 1st quarter. Stephens Inc. AR now owns 1,999,530 shares of the company’s stock valued at $41,910,000 after purchasing an additional 738,861 shares during the period. Finally, Cetera Investment Advisers raised its holdings in First Trust Core Investment Grade ETF by 30.5% in the 1st quarter. Cetera Investment Advisers now owns 2,750,968 shares of the company’s stock worth $57,660,000 after purchasing an additional 643,247 shares in the last quarter.

About First Trust Core Investment Grade ETF

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.