First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Short Interest Down 54.5% in August

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 58,096 shares, a decrease of 54.5% from the July 30th total of 127,592 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 225,156 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. World Investment Advisors raised its stake in shares of First Trust Limited Duration Investment Grade Corporate ETF by 3.2% in the 1st quarter. World Investment Advisors now owns 18,089 shares of the company’s stock valued at $343,000 after purchasing an additional 567 shares in the last quarter. Sanctuary Advisors LLC grew its stake in First Trust Limited Duration Investment Grade Corporate ETF by 3.1% in the first quarter. Sanctuary Advisors LLC now owns 25,961 shares of the company’s stock worth $492,000 after purchasing an additional 770 shares in the last quarter. Acorn Wealth Advisors LLC grew its stake in First Trust Limited Duration Investment Grade Corporate ETF by 5.7% in the fourth quarter. Acorn Wealth Advisors LLC now owns 15,299 shares of the company’s stock worth $294,000 after purchasing an additional 824 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in First Trust Limited Duration Investment Grade Corporate ETF by 68.7% in the second quarter. Geneos Wealth Management Inc. now owns 2,871 shares of the company’s stock valued at $55,000 after buying an additional 1,169 shares during the last quarter. Finally, HighTower Advisors LLC increased its holdings in First Trust Limited Duration Investment Grade Corporate ETF by 2.0% in the fourth quarter. HighTower Advisors LLC now owns 81,276 shares of the company’s stock valued at $1,560,000 after buying an additional 1,627 shares during the last quarter.

First Trust Limited Duration Investment Grade Corporate ETF Stock Down 0.3%

Shares of FSIG stock traded down $0.05 during mid-day trading on Friday, reaching $18.76. 234,567 shares of the company were exchanged, compared to its average volume of 396,101. The business’s 50 day simple moving average is $18.83 and its 200 day simple moving average is $18.94. First Trust Limited Duration Investment Grade Corporate ETF has a fifty-two week low of $18.71 and a fifty-two week high of $19.33.

First Trust Limited Duration Investment Grade Corporate ETF Company Profile

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.