FT Vest Investment Grade & Target Income ETF (NYSEARCA:LQTI) Sees Large Decline in Short Interest

FT Vest Investment Grade & Target Income ETF (NYSEARCA:LQTI) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 30,156 shares, a drop of 58.7% from the June 15th total of 72,997 shares. Based on an average daily trading volume, of 70,517 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Investors Weigh In On FT Vest Investment Grade & Target Income ETF

A number of hedge funds have recently added to or reduced their stakes in LQTI. Great Valley Advisor Group Inc. purchased a new stake in FT Vest Investment Grade & Target Income ETF in the 2nd quarter valued at approximately $1,064,000. Advisory Services Network LLC acquired a new stake in shares of FT Vest Investment Grade & Target Income ETF in the 2nd quarter valued at approximately $1,639,000. Envestnet Asset Management Inc. purchased a new stake in shares of FT Vest Investment Grade & Target Income ETF in the third quarter valued at approximately $336,000. Prosperity Financial Group Inc. boosted its stake in shares of FT Vest Investment Grade & Target Income ETF by 2.0% in the third quarter. Prosperity Financial Group Inc. now owns 170,019 shares of the company’s stock valued at $3,469,000 after buying an additional 3,384 shares in the last quarter. Finally, Sulzberger Capital Advisors Inc. grew its holdings in FT Vest Investment Grade & Target Income ETF by 1,641.0% during the third quarter. Sulzberger Capital Advisors Inc. now owns 177,099 shares of the company’s stock worth $3,614,000 after acquiring an additional 166,927 shares during the period.

FT Vest Investment Grade & Target Income ETF Stock Performance

LQTI traded up $0.06 during trading on Wednesday, hitting $19.06. The stock had a trading volume of 61,662 shares, compared to its average volume of 87,488. FT Vest Investment Grade & Target Income ETF has a twelve month low of $18.89 and a twelve month high of $22.17. The company’s 50-day moving average price is $19.28 and its 200 day moving average price is $19.62.

FT Vest Investment Grade & Target Income ETF Company Profile

The FT Vest Investment Grade & Target Income ETF (LQTI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that seeks to provide current income and capital appreciation through a synthetic long exposure to the iShares iBoxx Investment Grade Corporate Bond ETF (LQD) and a partial covered call strategy. It seeks an annual rate of approximately 5% over LQDs current annual yield. LQTI was launched on Feb 12, 2025 and is issued by First Trust.