First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Short Interest Down 34.7% in May

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) was the recipient of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 138,040 shares, a drop of 34.7% from the May 14th total of 211,308 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 317,582 shares, the short-interest ratio is presently 0.4 days.

First Trust Limited Duration Investment Grade Corporate ETF Price Performance

NYSEARCA:FSIG remained flat at $18.96 during mid-day trading on Wednesday. 127,155 shares of the company were exchanged, compared to its average volume of 394,090. First Trust Limited Duration Investment Grade Corporate ETF has a 1 year low of $18.80 and a 1 year high of $19.33. The firm’s fifty day moving average price is $18.95 and its 200 day moving average price is $19.07.

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

Hedge funds have recently added to or reduced their stakes in the company. Assetmark Inc. lifted its position in First Trust Limited Duration Investment Grade Corporate ETF by 7.6% in the third quarter. Assetmark Inc. now owns 538,616 shares of the company’s stock valued at $10,347,000 after purchasing an additional 38,099 shares during the period. IFG Advisory LLC lifted its position in shares of First Trust Limited Duration Investment Grade Corporate ETF by 207.8% during the 3rd quarter. IFG Advisory LLC now owns 228,615 shares of the company’s stock valued at $4,392,000 after acquiring an additional 154,336 shares during the period. MGO One Seven LLC acquired a new stake in shares of First Trust Limited Duration Investment Grade Corporate ETF during the 4th quarter valued at approximately $4,989,000. RiverTree Advisors LLC acquired a new stake in shares of First Trust Limited Duration Investment Grade Corporate ETF during the 4th quarter valued at approximately $694,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of First Trust Limited Duration Investment Grade Corporate ETF by 245,809.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 356,568 shares of the company’s stock valued at $6,843,000 after acquiring an additional 356,423 shares during the period.

First Trust Limited Duration Investment Grade Corporate ETF Company Profile

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.