First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) Short Interest Up 63.9% in May

First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 128,458 shares, an increase of 63.9% from the April 30th total of 78,394 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily volume of 408,000 shares, the short-interest ratio is currently 0.3 days.

First Trust Intermediate Duration Investment Grade Corporate ETF Stock Performance

NYSEARCA:FIIG traded up $0.04 during trading hours on Thursday, reaching $20.71. 50,739 shares of the company were exchanged, compared to its average volume of 209,874. The stock has a 50 day simple moving average of $20.77 and a 200 day simple moving average of $21.01. First Trust Intermediate Duration Investment Grade Corporate ETF has a 52-week low of $20.43 and a 52-week high of $21.49.

Hedge Funds Weigh In On First Trust Intermediate Duration Investment Grade Corporate ETF

A number of hedge funds have recently made changes to their positions in FIIG. JPMorgan Chase & Co. purchased a new position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF in the 2nd quarter valued at $2,099,000. First Trust Advisors LP raised its stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 2.5% in the 2nd quarter. First Trust Advisors LP now owns 234,798 shares of the company’s stock valued at $4,926,000 after acquiring an additional 5,793 shares during the period. NewEdge Advisors LLC raised its stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 191.6% in the 2nd quarter. NewEdge Advisors LLC now owns 81,238 shares of the company’s stock valued at $1,704,000 after acquiring an additional 53,380 shares during the period. Betterment LLC purchased a new position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF in the 2nd quarter valued at $287,000. Finally, Jane Street Group LLC purchased a new position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF in the 2nd quarter valued at $1,033,000.

First Trust Intermediate Duration Investment Grade Corporate ETF Company Profile

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.