First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) Short Interest Update

First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) saw a significant decrease in short interest in March. As of March 31st, there was short interest totaling 78,872 shares, a decrease of 58.7% from the March 15th total of 190,995 shares. Based on an average daily volume of 166,051 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the company’s shares are sold short.

First Trust Intermediate Duration Investment Grade Corporate ETF Stock Up 0.2%

NYSEARCA:FIIG traded up $0.05 during trading hours on Tuesday, reaching $20.98. 114,587 shares of the stock were exchanged, compared to its average volume of 205,977. The business has a 50-day moving average of $20.99 and a two-hundred day moving average of $21.14. First Trust Intermediate Duration Investment Grade Corporate ETF has a twelve month low of $20.30 and a twelve month high of $21.49.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. purchased a new stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF during the third quarter worth $32,000. Aptus Capital Advisors LLC purchased a new stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF during the fourth quarter worth $32,000. Advisory Services Network LLC purchased a new stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF during the third quarter worth $61,000. Allworth Financial LP purchased a new stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF during the third quarter worth $64,000. Finally, Private Trust Co. NA increased its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 406.3% during the fourth quarter. Private Trust Co. NA now owns 4,025 shares of the company’s stock worth $85,000 after acquiring an additional 3,230 shares during the period.

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.