First Trust Core Investment Grade ETF (NYSEARCA:FTCB) Shares Shorted: Short Interest Up 442.5% in October

First Trust Core Investment Grade ETF (NYSEARCA:FTCB) was the target of a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 300,607 shares, a growth of 442.5% from the October 15th total of 55,409 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 800,265 shares, the days-to-cover ratio is presently 0.4 days.

First Trust Core Investment Grade ETF Stock Down 0.1%

Shares of First Trust Core Investment Grade ETF stock traded down $0.03 during trading on Friday, reaching $19.98. The company’s stock had a trading volume of 298,209 shares, compared to its average volume of 767,859. First Trust Core Investment Grade ETF has a 12-month low of $19.65 and a 12-month high of $21.47. The business has a 50 day moving average price of $20.06 and a 200-day moving average price of $20.70.

Institutional Investors Weigh In On First Trust Core Investment Grade ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Benjamin Edwards Inc. purchased a new stake in shares of First Trust Core Investment Grade ETF during the 3rd quarter worth $25,623,000. First Trust Advisors LP purchased a new position in shares of First Trust Core Investment Grade ETF in the 3rd quarter valued at about $28,608,000. Private Advisor Group LLC purchased a new position in shares of First Trust Core Investment Grade ETF in the 3rd quarter valued at about $27,384,000. OneAscent Financial Services LLC increased its holdings in shares of First Trust Core Investment Grade ETF by 2.2% in the 3rd quarter. OneAscent Financial Services LLC now owns 38,266 shares of the company’s stock valued at $755,000 after purchasing an additional 832 shares in the last quarter. Finally, Composition Wealth LLC acquired a new stake in shares of First Trust Core Investment Grade ETF in the third quarter valued at about $1,240,000.

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.