First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) Short Interest Down 84.8% in July

First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) was the target of a large drop in short interest in July. As of July 15th, there was short interest totaling 12,753 shares, a drop of 84.8% from the June 30th total of 83,919 shares. Based on an average daily 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 sold short.

First Trust Intermediate Duration Investment Grade Corporate ETF Price Performance

Shares of FIIG stock traded up $0.03 during trading hours on Friday, reaching $20.36. The company had a trading volume of 423,906 shares, compared to its average volume of 200,941. First Trust Intermediate Duration Investment Grade Corporate ETF has a 12-month low of $20.30 and a 12-month high of $21.49. The stock has a fifty day moving average of $20.64 and a 200-day moving average of $20.87.

Institutional Trading of First Trust Intermediate Duration Investment Grade Corporate ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Aptus Capital Advisors LLC acquired a new position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF during the 4th quarter valued at about $32,000. Advisory Services Network LLC acquired a new stake in First Trust Intermediate Duration Investment Grade Corporate ETF during the third quarter worth about $61,000. Roxbury Financial LLC purchased a new position in First Trust Intermediate Duration Investment Grade Corporate ETF during the first quarter worth about $62,000. Allworth Financial LP purchased a new position in First Trust Intermediate Duration Investment Grade Corporate ETF during the third quarter worth about $64,000. Finally, Private Trust Co. NA raised its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 406.3% during the fourth quarter. Private Trust Co. NA now owns 4,025 shares of the company’s stock worth $85,000 after purchasing an additional 3,230 shares during the period.

First Trust Intermediate Duration Investment Grade Corporate ETF Company Profile

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.