FT Vest Investment Grade & Target Income ETF (NYSEARCA:LQTI) Sees Large Growth in Short Interest

FT Vest Investment Grade & Target Income ETF (NYSEARCA:LQTI) was the target of a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 20,812 shares, a growth of 26,582.1% from the October 15th total of 78 shares. Based on an average trading volume of 171,235 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the shares of the stock are short sold.

FT Vest Investment Grade & Target Income ETF Price Performance

Shares of NYSEARCA:LQTI opened at $18.24 on Thursday. FT Vest Investment Grade & Target Income ETF has a 12 month low of $17.80 and a 12 month high of $22.17. The stock’s 50 day moving average price is $18.25 and its 200 day moving average price is $19.10.

Institutional Trading of FT Vest Investment Grade & Target Income ETF

Several institutional investors have recently modified their holdings of the company. Rise Advisors LLC grew its holdings in FT Vest Investment Grade & Target Income ETF by 7.1% during the third quarter. Rise Advisors LLC now owns 1,049,625 shares of the company’s stock worth $18,956,000 after acquiring an additional 69,811 shares during the period. Commonwealth Equity Services LLC bought a new position in shares of FT Vest Investment Grade & Target Income ETF during the 3rd quarter valued at about $13,644,000. Bullseye Investment Management LLC bought a new position in shares of FT Vest Investment Grade & Target Income ETF during the 2nd quarter valued at about $11,802,000. Cetera Investment Advisers grew its stake in shares of FT Vest Investment Grade & Target Income ETF by 126.2% in the 1st quarter. Cetera Investment Advisers now owns 469,083 shares of the company’s stock worth $9,185,000 after purchasing an additional 261,680 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of FT Vest Investment Grade & Target Income ETF by 3.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 221,998 shares of the company’s stock worth $4,287,000 after purchasing an additional 6,702 shares during the last quarter.

FT Vest Investment Grade & Target Income ETF Company Profile

The FT Vest Investment Grade & Target Income ETF (LQTI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that seeks to provide current income and capital appreciation through a synthetic long exposure to the iShares iBoxx Investment Grade Corporate Bond ETF (LQD) and a partial covered call strategy. It seeks an annual rate of approximately 5% over LQDs current annual yield. LQTI was launched on Feb 12, 2025 and is issued by First Trust.