First Trust Core Investment Grade ETF (NYSEARCA:FTCB) Sees Significant Decrease in Short Interest

First Trust Core Investment Grade ETF (NYSEARCA:FTCB) was the recipient of a significant decline in short interest in August. As of August 14th, there was short interest totaling 98,595 shares, a decline of 79.3% from the July 30th total of 476,240 shares. Based on an average daily trading volume, of 551,566 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

First Trust Core Investment Grade ETF Stock Down 0.1%

Shares of NYSEARCA FTCB traded down $0.02 during midday trading on Thursday, hitting $20.58. The company had a trading volume of 425,813 shares, compared to its average volume of 727,063. The business has a 50-day simple moving average of $20.69 and a two-hundred day simple moving average of $20.91. First Trust Core Investment Grade ETF has a twelve month low of $20.45 and a twelve month high of $21.87.

Institutional Trading of First Trust Core Investment Grade ETF

Large investors have recently modified their holdings of the business. LPL Financial LLC increased its position in 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 buying an additional 3,649,333 shares in the last quarter. Morgan Stanley increased its position in First Trust Core Investment Grade ETF by 16.3% during the 4th quarter. Morgan Stanley now owns 6,203,204 shares of the company’s stock worth $131,694,000 after purchasing an additional 871,355 shares in the last quarter. LVZ Inc. lifted its holdings in First Trust Core Investment Grade ETF by 4.6% in the 1st quarter. LVZ Inc. now owns 3,240,435 shares of the company’s stock valued at $67,920,000 after purchasing an additional 142,672 shares in the last quarter. Cetera Investment Advisers grew its holdings 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 buying an additional 643,247 shares in the last quarter. Finally, Long Run Wealth Advisors LLC raised its position in shares of First Trust Core Investment Grade ETF by 2.9% in the fourth quarter. Long Run Wealth Advisors LLC now owns 2,231,568 shares of the company’s stock valued at $47,376,000 after buying an additional 63,259 shares during the last quarter.

First Trust Core Investment Grade ETF Company Profile

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.