First Trust Core Investment Grade ETF (NYSEARCA:FTCB) Short Interest Up 230.2% in April

First Trust Core Investment Grade ETF (NYSEARCA:FTCB) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 244,294 shares, a growth of 230.2% from the April 15th total of 73,981 shares. Based on an average daily volume of 761,052 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Trading of First Trust Core Investment Grade ETF

Several large investors have recently bought and sold shares of FTCB. LPL Financial LLC boosted its stake in 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 valued at $263,538,000 after buying an additional 3,649,333 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake 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 buying an additional 1,379,552 shares in the last quarter. Morgan Stanley boosted its stake in First Trust Core Investment Grade ETF by 16.3% in the fourth quarter. Morgan Stanley now owns 6,203,204 shares of the company’s stock valued at $131,694,000 after buying an additional 871,355 shares in the last quarter. Stephens Inc. AR boosted its stake in First Trust Core Investment Grade ETF by 58.6% in the first quarter. Stephens Inc. AR now owns 1,999,530 shares of the company’s stock valued at $41,910,000 after buying an additional 738,861 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in First Trust Core Investment Grade ETF by 30.5% in the first quarter. Cetera Investment Advisers now owns 2,750,968 shares of the company’s stock valued at $57,660,000 after buying an additional 643,247 shares in the last quarter.

First Trust Core Investment Grade ETF Stock Performance

NYSEARCA:FTCB traded down $0.01 during trading hours on Thursday, hitting $20.88. The company’s stock had a trading volume of 337,504 shares, compared to its average volume of 782,946. The stock has a fifty day simple moving average of $21.02 and a 200-day simple moving average of $21.21. First Trust Core Investment Grade ETF has a twelve month low of $20.28 and a twelve month high of $21.87.

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.