FT Vest Investment Grade & Target Income ETF (NYSEARCA:LQTI) Sees Large Drop in Short Interest

FT Vest Investment Grade & Target Income ETF (NYSEARCA:LQTI) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 6,865 shares, a decline of 62.8% from the July 15th total of 18,465 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 112,519 shares, the short-interest ratio is presently 0.1 days.

FT Vest Investment Grade & Target Income ETF Stock Down 0.1%

LQTI traded down $0.02 on Friday, reaching $18.78. The company had a trading volume of 26,577 shares, compared to its average volume of 89,804. FT Vest Investment Grade & Target Income ETF has a fifty-two week low of $18.61 and a fifty-two week high of $22.17. The company’s fifty day moving average is $19.06 and its 200 day moving average is $19.44.

Institutional Investors Weigh In On FT Vest Investment Grade & Target Income ETF

A number of institutional investors have recently made changes to their positions in the company. Rise Advisors LLC increased its stake in shares of FT Vest Investment Grade & Target Income ETF by 4.6% during the second quarter. Rise Advisors LLC now owns 979,814 shares of the company’s stock worth $18,920,000 after purchasing an additional 43,167 shares during the period. Southern Financial Group LLC boosted its stake in FT Vest Investment Grade & Target Income ETF by 3.6% in the 1st quarter. Southern Financial Group LLC now owns 37,684 shares of the company’s stock valued at $738,000 after purchasing an additional 1,304 shares during the period. NewEdge Advisors LLC boosted its stake in FT Vest Investment Grade & Target Income ETF by 216.9% in the 1st quarter. NewEdge Advisors LLC now owns 169,582 shares of the company’s stock valued at $3,320,000 after purchasing an additional 116,072 shares during the period. Cetera Investment Advisers grew its holdings in FT Vest Investment Grade & Target Income ETF by 126.2% in the 1st quarter. Cetera Investment Advisers now owns 469,083 shares of the company’s stock valued at $9,185,000 after buying an additional 261,680 shares in the last quarter. Finally, Insight Advisors LLC PA grew its holdings in FT Vest Investment Grade & Target Income ETF by 31.0% in the 1st quarter. Insight Advisors LLC PA now owns 135,888 shares of the company’s stock valued at $2,661,000 after buying an additional 32,177 shares in the last quarter.

About FT Vest Investment Grade & Target Income ETF

The FT Vest Investment Grade & Target Income ETF (LQTI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that seeks to provide current income and capital appreciation through a synthetic long exposure to the iShares iBoxx Investment Grade Corporate Bond ETF (LQD) and a partial covered call strategy. It seeks an annual rate of approximately 5% over LQDs current annual yield. LQTI was launched on Feb 12, 2025 and is issued by First Trust.