First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) Shares Shorted: Short Interest Down 49.9% in October

First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 32,397 shares, a decline of 49.9% from the September 30th total of 64,693 shares. Based on an average daily trading volume, of 210,678 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

First Trust Intermediate Duration Investment Grade Corporate ETF Price Performance

FIIG traded up $0.04 during trading on Friday, reaching $20.02. 203,106 shares of the stock were exchanged, compared to its average volume of 187,255. The stock’s 50 day moving average price is $20.00 and its two-hundred day moving average price is $20.60. First Trust Intermediate Duration Investment Grade Corporate ETF has a twelve month low of $19.52 and a twelve month high of $21.38.

Institutional Trading of First Trust Intermediate Duration Investment Grade Corporate ETF

Several hedge funds have recently added to or reduced their stakes in FIIG. Envestnet Asset Management Inc. raised its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 12.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,909,100 shares of the company’s stock worth $39,537,000 after purchasing an additional 216,084 shares in the last quarter. Cetera Investment Advisers grew its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 1.5% during the 1st quarter. Cetera Investment Advisers now owns 1,729,781 shares of the company’s stock worth $35,893,000 after purchasing an additional 24,855 shares in the last quarter. Stephens Inc. AR increased its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 80.4% during the first quarter. Stephens Inc. AR now owns 761,660 shares of the company’s stock worth $15,804,000 after purchasing an additional 339,533 shares during the period. Kestra Advisory Services LLC increased its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 6.5% during the first quarter. Kestra Advisory Services LLC now owns 571,903 shares of the company’s stock worth $11,867,000 after purchasing an additional 34,882 shares during the period. Finally, First Trust Advisors LP raised its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 34.2% in the first quarter. First Trust Advisors LP now owns 462,533 shares of the company’s stock valued at $9,598,000 after buying an additional 117,894 shares in the last quarter.

About First Trust Intermediate Duration Investment Grade Corporate ETF

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.