First Trust Balanced Income ETF (NYSEARCA:FTBI) Sees Large Decrease in Short Interest

First Trust Balanced Income ETF (NYSEARCA:FTBI) was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 2,905 shares, a drop of 55.8% from the June 15th total of 6,575 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 9,562 shares, the short-interest ratio is currently 0.3 days.

First Trust Balanced Income ETF Stock Up 0.0%

First Trust Balanced Income ETF stock traded up $0.01 during midday trading on Thursday, hitting $21.65. 400 shares of the stock were exchanged, compared to its average volume of 4,790. The company has a fifty day simple moving average of $21.71 and a two-hundred day simple moving average of $21.54. First Trust Balanced Income ETF has a 52 week low of $19.81 and a 52 week high of $24.14.

Hedge Funds Weigh In On First Trust Balanced Income ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Harbour Investments Inc. acquired a new stake in First Trust Balanced Income ETF during the 4th quarter worth $49,000. Kestra Advisory Services LLC bought a new stake in shares of First Trust Balanced Income ETF in the fourth quarter valued at about $182,000. Capital Investment Advisory Services LLC bought a new stake in shares of First Trust Balanced Income ETF in the fourth quarter valued at about $196,000. International Assets Investment Management LLC bought a new stake in shares of First Trust Balanced Income ETF in the fourth quarter valued at about $200,000. Finally, Jane Street Group LLC acquired a new position in shares of First Trust Balanced Income ETF during the fourth quarter worth about $391,000.

About First Trust Balanced Income ETF

The First Trust Balanced Income ETF (FTBI) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund tracks an index that allocates to exchange-traded funds across three asset classes: target income and buy-write income equity, actively managed investment grade fixed income, and target income commodities. FTBI was launched on May 28, 2025 and is issued by First Trust.