First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Sees Large Drop in Short Interest

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG – Get Free Report) saw a significant decline in short interest during 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. Based on an average trading volume of 235,321 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

First Trust Limited Duration Investment Grade Corporate ETF Trading Up 0.1%

Shares of NYSEARCA:FSIG traded up $0.02 during trading hours on Friday, reaching $18.43. The stock had a trading volume of 219,827 shares, compared to its average volume of 380,264. First Trust Limited Duration Investment Grade Corporate ETF has a 1 year low of $18.40 and a 1 year high of $19.33. The firm’s 50 day moving average is $18.73 and its 200-day moving average is $18.86.

Institutional Investors Weigh In On First Trust Limited Duration Investment Grade Corporate ETF

Several institutional investors have recently made changes to their positions in the stock. Godfrey Financial Associates Inc. acquired a new position in First Trust Limited Duration Investment Grade Corporate ETF during the fourth quarter worth about $36,000. Western Wealth Management LLC acquired a new stake in First Trust Limited Duration Investment Grade Corporate ETF in the first quarter valued at approximately $41,000. Compass Financial Management LLC purchased a new position in shares of First Trust Limited Duration Investment Grade Corporate ETF during the 2nd quarter valued at approximately $62,000. NI Acquisitions Company LLC acquired a new stake in First Trust Limited Duration Investment Grade Corporate ETF during the second quarter valued at approximately $114,000. Finally, Merkkuri Wealth Advisors LLC bought a new position in shares of First Trust Limited Duration Investment Grade Corporate ETF in the 1st quarter worth about $177,000.

First Trust Limited Duration Investment Grade Corporate ETF Company Profile

(Get Free Report)

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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