First Trust Core Investment Grade ETF (NYSEARCA:FTCB – Get Free Report) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 68,260 shares, a drop of 72.1% from the April 30th total of 244,294 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 591,625 shares, the short-interest ratio is presently 0.1 days.
First Trust Core Investment Grade ETF Stock Performance
Shares of FTCB opened at $20.85 on Friday. The company’s 50 day simple moving average is $20.93 and its 200-day simple moving average is $21.16. First Trust Core Investment Grade ETF has a 12-month low of $20.59 and a 12-month high of $21.87.
Hedge Funds Weigh In On First Trust Core Investment Grade ETF
Hedge funds have recently modified their holdings of the business. Royal Bank of Canada purchased a new position in First Trust Core Investment Grade ETF in the 1st quarter valued at $5,148,000. NewEdge Advisors LLC grew its position in First Trust Core Investment Grade ETF by 39.8% in the 2nd quarter. NewEdge Advisors LLC now owns 194,246 shares of the company’s stock valued at $4,091,000 after buying an additional 55,307 shares during the last quarter. Betterment LLC purchased a new position in First Trust Core Investment Grade ETF in the 2nd quarter valued at $257,000. Jane Street Group LLC grew its position in First Trust Core Investment Grade ETF by 137.5% in the 2nd quarter. Jane Street Group LLC now owns 213,459 shares of the company’s stock valued at $4,495,000 after buying an additional 123,570 shares during the last quarter. Finally, Benjamin Edwards Inc. grew its position in First Trust Core Investment Grade ETF by 64.0% in the 2nd quarter. Benjamin Edwards Inc. now owns 468,753 shares of the company’s stock valued at $9,872,000 after buying an additional 182,997 shares during the last quarter.
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.
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