First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) Short Interest Update

First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 12,753 shares, a decrease of 84.8% from the June 30th total of 83,919 shares. Based on an average trading volume of 175,547 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

First Trust Intermediate Duration Investment Grade Corporate ETF Price Performance

Shares of NYSEARCA:FIIG traded up $0.04 during trading on Monday, reaching $20.40. 101,113 shares of the company’s stock traded hands, compared to its average volume of 200,171. First Trust Intermediate Duration Investment Grade Corporate ETF has a fifty-two week low of $20.30 and a fifty-two week high of $21.49. The company has a 50-day simple moving average of $20.64 and a 200-day simple moving average of $20.87.

Institutional Trading of First Trust Intermediate Duration Investment Grade Corporate ETF

Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. acquired a new position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF during the 2nd quarter worth approximately $2,099,000. First Trust Advisors LP grew its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 2.5% in the 2nd quarter. First Trust Advisors LP now owns 234,798 shares of the company’s stock valued at $4,926,000 after acquiring an additional 5,793 shares during the period. NewEdge Advisors LLC grew its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 191.6% in the 2nd quarter. NewEdge Advisors LLC now owns 81,238 shares of the company’s stock valued at $1,704,000 after acquiring an additional 53,380 shares during the period. Betterment LLC purchased a new stake in First Trust Intermediate Duration Investment Grade Corporate ETF in the 2nd quarter worth $287,000. Finally, Jane Street Group LLC purchased a new stake in First Trust Intermediate Duration Investment Grade Corporate ETF in the 2nd quarter worth $1,033,000.

About First Trust Intermediate Duration Investment Grade Corporate ETF

The First Trust Intermediate Duration Investment Grade Corporate ETF (FIIG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed, investing in a broad portfolio of US investment grade, corporate debt securities. The portfolio aims for a dollar-weighted average maturity between three and ten years FIIG was launched on Aug 2, 2023 and is issued by First Trust.