First Trust Core Investment Grade ETF (NYSEARCA:FTCB) Short Interest Up 88.6% in July

First Trust Core Investment Grade ETF (NYSEARCA:FTCB) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 476,240 shares, an increase of 88.6% from the July 15th total of 252,460 shares. Based on an average trading volume of 714,726 shares, the short-interest ratio is currently 0.7 days. Currently, 0.4% of the company’s shares are sold short.

Institutional Investors Weigh In On First Trust Core Investment Grade ETF

A number of hedge funds have recently added to or reduced their stakes in FTCB. Comerica Bank boosted its holdings in shares of First Trust Core Investment Grade ETF by 3.1% during 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 increased its stake in shares of 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 acquiring an additional 597 shares in the last quarter. TrueWealth Advisors LLC increased its stake in shares of First Trust Core Investment Grade ETF by 4.0% in the 2nd quarter. TrueWealth Advisors LLC now owns 17,481 shares of the company’s stock valued at $365,000 after acquiring an additional 674 shares in the last quarter. Rossby Financial LCC lifted its position in shares of First Trust Core Investment Grade ETF by 5.0% during the 4th quarter. Rossby Financial LCC now owns 19,203 shares of the company’s stock valued at $408,000 after acquiring an additional 914 shares during the period. Finally, Raleigh Capital Management Inc. lifted its position in shares of First Trust Core Investment Grade ETF by 14.2% during the 1st quarter. Raleigh Capital Management Inc. now owns 7,813 shares of the company’s stock valued at $164,000 after acquiring an additional 972 shares during the period.

First Trust Core Investment Grade ETF Price Performance

Shares of NYSEARCA:FTCB opened at $20.56 on Tuesday. The business’s 50-day moving average is $20.73 and its 200-day moving average is $20.94. First Trust Core Investment Grade ETF has a 1 year low of $20.45 and a 1 year high of $21.87.

About First Trust Core Investment Grade ETF

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.