First Trust Core Investment Grade ETF (NYSEARCA:FTCB) Short Interest Update

First Trust Core Investment Grade ETF (NYSEARCA:FTCB) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 199,962 shares, an increase of 95.3% from the June 15th total of 102,385 shares. Based on an average daily volume of 724,223 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the shares of the company are sold short.

Hedge Funds Weigh In On First Trust Core Investment Grade ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Comerica Bank raised its holdings in shares of First Trust Core Investment Grade ETF by 3.1% in the 3rd quarter. Comerica Bank now owns 17,130 shares of the company’s stock worth $365,000 after buying an additional 515 shares in the last quarter. Ameritas Advisory Services LLC boosted its stake in First Trust Core Investment Grade ETF by 6.2% in the 4th quarter. Ameritas Advisory Services LLC now owns 10,242 shares of the company’s stock valued at $217,000 after buying an additional 597 shares in the last quarter. TrueWealth Advisors LLC grew its position in First Trust Core Investment Grade ETF by 4.0% in the second quarter. TrueWealth Advisors LLC now owns 17,481 shares of the company’s stock valued at $365,000 after acquiring an additional 674 shares during the period. Ascent Group LLC grew its position in First Trust Core Investment Grade ETF by 9.4% in the fourth quarter. Ascent Group LLC now owns 10,535 shares of the company’s stock valued at $224,000 after acquiring an additional 905 shares during the period. Finally, Raleigh Capital Management Inc. lifted its holdings in shares of First Trust Core Investment Grade ETF by 15.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 6,841 shares of the company’s stock valued at $145,000 after acquiring an additional 912 shares during the period.

First Trust Core Investment Grade ETF Stock Up 0.1%

FTCB opened at $20.78 on Friday. The stock’s 50 day moving average price is $20.82 and its two-hundred day moving average price is $21.04. First Trust Core Investment Grade ETF has a 12-month low of $20.59 and a 12-month high of $21.87.

First Trust Core Investment Grade ETF Company Profile

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.