First Trust Core Investment Grade ETF (NYSEARCA:FTCB) Shares Shorted: Short Interest Up 362.4% in September

First Trust Core Investment Grade ETF (NYSEARCA:FTCB) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 581,604 shares, a growth of 362.4% from the September 15th total of 125,783 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 605,187 shares, the days-to-cover ratio is currently 1.0 days.

First Trust Core Investment Grade ETF Stock Performance

Shares of NYSEARCA FTCB traded down $0.01 during mid-day trading on Monday, reaching $19.82. 822,621 shares of the company were exchanged, compared to its average volume of 766,998. First Trust Core Investment Grade ETF has a twelve month low of $19.65 and a twelve month high of $21.60. The company’s 50-day simple moving average is $20.30 and its 200-day simple moving average is $20.66.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FTCB. Legacy Wealth Managment LLC ID lifted its holdings in shares of First Trust Core Investment Grade ETF by 4.0% during the 2nd quarter. Legacy Wealth Managment LLC ID now owns 13,567 shares of the company’s stock worth $283,000 after acquiring an additional 525 shares during the period. TrueWealth Advisors LLC lifted its position 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 worth $365,000 after purchasing an additional 674 shares during the period. Raleigh Capital Management Inc. boosted its position in First Trust Core Investment Grade ETF by 14.2% during the first 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 last quarter. Gentry Private Wealth LLC grew its stake in First Trust Core Investment Grade ETF by 2.6% during the first quarter. Gentry Private Wealth LLC now owns 39,630 shares of the company’s stock worth $831,000 after purchasing an additional 1,006 shares during the period. Finally, Faithward Advisors LLC increased its stake in First Trust Core Investment Grade ETF by 4.1% in the first quarter. Faithward Advisors LLC now owns 30,743 shares of the company’s stock valued at $644,000 after purchasing an additional 1,198 shares in the last quarter.

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.