Short Interest in First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Rises By 176.4%

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 160,590 shares, an increase of 176.4% from the August 15th total of 58,096 shares. Based on an average daily trading volume, of 208,098 shares, the short-interest ratio is currently 0.8 days. Approximately 0.2% of the company’s stock are sold short.

Hedge Funds Weigh In On First Trust Limited Duration Investment Grade Corporate ETF

Large investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC increased its holdings in First Trust Limited Duration Investment Grade Corporate ETF by 7.4% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 209,657 shares of the company’s stock worth $3,953,000 after purchasing an additional 14,523 shares in the last quarter. RFG Advisory LLC lifted its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF by 29.1% in the second quarter. RFG Advisory LLC now owns 176,300 shares of the company’s stock valued at $3,324,000 after purchasing an additional 39,739 shares in the last quarter. Citadel Advisors LLC purchased a new position in shares of First Trust Limited Duration Investment Grade Corporate ETF during the second quarter valued at approximately $10,607,000. Guardian Wealth Advisors LLC NC boosted its position in shares of First Trust Limited Duration Investment Grade Corporate ETF by 139.2% during the second quarter. Guardian Wealth Advisors LLC NC now owns 40,060 shares of the company’s stock valued at $755,000 after buying an additional 23,310 shares during the last quarter. Finally, Kintra Wealth LLC bought a new stake in First Trust Limited Duration Investment Grade Corporate ETF during the second quarter worth $6,493,000.

First Trust Limited Duration Investment Grade Corporate ETF Stock Down 0.2%

Shares of First Trust Limited Duration Investment Grade Corporate ETF stock traded down $0.04 during trading hours on Monday, reaching $18.57. The company’s stock had a trading volume of 398,398 shares, compared to its average volume of 386,804. The stock’s fifty day simple moving average is $18.79 and its two-hundred day simple moving average is $18.90. First Trust Limited Duration Investment Grade Corporate ETF has a one year low of $18.57 and a one year high of $19.33.

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.