Short Interest in First Trust Core Investment Grade ETF (NYSEARCA:FTCB) Rises By 191.4%

First Trust Core Investment Grade ETF (NYSEARCA:FTCB) saw a significant increase in short interest in May. As of May 29th, there was short interest totaling 198,883 shares, an increase of 191.4% from the May 14th total of 68,260 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 508,650 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On First Trust Core Investment Grade ETF

Several hedge funds and other institutional investors have recently made changes to their positions in FTCB. LPL Financial LLC increased its position in shares of First Trust Core Investment Grade ETF by 41.6% during the fourth quarter. LPL Financial LLC now owns 12,413,458 shares of the company’s stock worth $263,538,000 after acquiring an additional 3,649,333 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of First Trust Core Investment Grade ETF by 14,236.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,389,242 shares of the company’s stock worth $29,494,000 after acquiring an additional 1,379,552 shares in the last quarter. Morgan Stanley increased its position in shares of First Trust Core Investment Grade ETF by 16.3% during the fourth quarter. Morgan Stanley now owns 6,203,204 shares of the company’s stock worth $131,694,000 after acquiring an additional 871,355 shares in the last quarter. Stephens Inc. AR increased its position in shares of First Trust Core Investment Grade ETF by 58.6% during the first quarter. Stephens Inc. AR now owns 1,999,530 shares of the company’s stock worth $41,910,000 after acquiring an additional 738,861 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in shares of First Trust Core Investment Grade ETF by 30.5% during the first quarter. Cetera Investment Advisers now owns 2,750,968 shares of the company’s stock worth $57,660,000 after acquiring an additional 643,247 shares in the last quarter.

First Trust Core Investment Grade ETF Price Performance

Shares of NYSEARCA:FTCB remained flat at $20.88 during midday trading on Friday. 373,665 shares of the stock traded hands, compared to its average volume of 730,343. The business’s 50 day moving average price is $20.91 and its 200 day moving average price is $21.12. First Trust Core Investment Grade ETF has a one year low of $20.59 and a one year high of $21.87.

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.