First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Short Interest Up 579.9% in July

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 127,592 shares, a growth of 579.9% from the July 15th total of 18,766 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 334,706 shares, the days-to-cover ratio is presently 0.4 days.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Morgan Stanley grew its stake in shares of First Trust Limited Duration Investment Grade Corporate ETF by 4.2% during the fourth quarter. Morgan Stanley now owns 11,476,255 shares of the company’s stock worth $220,229,000 after buying an additional 463,049 shares during the last quarter. LPL Financial LLC lifted its stake in shares of First Trust Limited Duration Investment Grade Corporate ETF by 8.8% in the 4th quarter. LPL Financial LLC now owns 7,681,212 shares of the company’s stock valued at $147,402,000 after acquiring an additional 618,781 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of First Trust Limited Duration Investment Grade Corporate ETF by 2.1% in the 4th quarter. Wells Fargo & Company MN now owns 3,426,972 shares of the company’s stock valued at $65,764,000 after acquiring an additional 70,888 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF by 14.0% during the 1st quarter. First Trust Advisors LP now owns 3,272,845 shares of the company’s stock valued at $61,988,000 after acquiring an additional 400,983 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF by 7.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,395,790 shares of the company’s stock valued at $46,021,000 after acquiring an additional 172,385 shares in the last quarter.

First Trust Limited Duration Investment Grade Corporate ETF Stock Performance

FSIG opened at $18.85 on Friday. The company’s 50 day moving average is $18.85 and its 200-day moving average is $18.97. First Trust Limited Duration Investment Grade Corporate ETF has a 1-year low of $18.71 and a 1-year high of $19.33.

First Trust Limited Duration Investment Grade Corporate ETF Company Profile

The First Trust Limited Duration Investment Grade Corporate ETF (FSIG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund seeks to provide current income from an actively managed portfolio of short-term US investment-grade corporate bonds. FSIG was launched on Nov 17, 2021 and is managed by First Trust.