First Trust Core Investment Grade ETF (NYSEARCA:FTCB) Sees Large Growth in Short Interest

First Trust Core Investment Grade ETF (NYSEARCA:FTCB) was the recipient of a significant 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 company’s stock are short sold. Based on an average daily trading volume, of 800,265 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On First Trust Core Investment Grade ETF

Hedge funds have recently modified their holdings of the stock. Private Advisor Group LLC acquired a new stake in First Trust Core Investment Grade ETF during the third quarter valued at $27,384,000. OneAscent Financial Services LLC raised its stake in shares of First Trust Core Investment Grade ETF by 2.2% during the 3rd quarter. OneAscent Financial Services LLC now owns 38,266 shares of the company’s stock worth $755,000 after purchasing an additional 832 shares in the last quarter. Composition Wealth LLC purchased a new stake in shares of First Trust Core Investment Grade ETF during the 3rd quarter worth about $1,240,000. HighTower Advisors LLC acquired a new stake in shares of First Trust Core Investment Grade ETF during the 3rd quarter valued at about $539,000. Finally, Brendel Financial Advisors LLC lifted its holdings in shares of First Trust Core Investment Grade ETF by 1.6% during the 3rd quarter. Brendel Financial Advisors LLC now owns 275,208 shares of the company’s stock valued at $5,433,000 after buying an additional 4,459 shares during the last quarter.

First Trust Core Investment Grade ETF Stock Down 0.1%

First Trust Core Investment Grade ETF stock traded down $0.03 during mid-day trading on Wednesday, hitting $20.12. The company’s stock had a trading volume of 192,883 shares, compared to its average volume of 770,395. First Trust Core Investment Grade ETF has a 52-week low of $19.65 and a 52-week high of $21.47. The firm’s 50 day moving average is $20.07 and its 200 day moving average is $20.71.

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.