First Trust Bloomberg Inflation Sensitive Equity ETF (NYSEARCA:FTIF) Sees Significant Decline in Short Interest

First Trust Bloomberg Inflation Sensitive Equity ETF (NYSEARCA:FTIF) was the recipient of a large decrease in short interest in August. As of August 31st, there was short interest totaling 86 shares, a decrease of 63.6% from the August 15th total of 236 shares. Based on an average daily trading volume, of 539 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

First Trust Bloomberg Inflation Sensitive Equity ETF Trading Up 0.7%

FTIF stock traded up $0.20 during trading hours on Tuesday, hitting $29.49. 598 shares of the stock were exchanged, compared to its average volume of 2,541. The firm has a market capitalization of $5.90 million, a P/E ratio of 17.44 and a beta of 0.65. The company has a 50-day simple moving average of $28.57 and a two-hundred day simple moving average of $27.84. First Trust Bloomberg Inflation Sensitive Equity ETF has a 12 month low of $21.37 and a 12 month high of $30.00.

Hedge Funds Weigh In On First Trust Bloomberg Inflation Sensitive Equity ETF

A hedge fund recently bought a new stake in First Trust Bloomberg Inflation Sensitive Equity ETF stock. International Assets Investment Management LLC acquired a new position in First Trust Bloomberg Inflation Sensitive Equity ETF (NYSEARCA:FTIF) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 4,575 shares of the company’s stock, valued at approximately $104,000. International Assets Investment Management LLC owned approximately 9.15% of First Trust Bloomberg Inflation Sensitive Equity ETF as of its most recent SEC filing.

About First Trust Bloomberg Inflation Sensitive Equity ETF

The First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an equal-weighted index of US large- and mid-cap stocks considered to benefit directly or indirectly from inflation increases. Selection of individual holdings are based on both fundamental and technical criteria. FTIF was launched on Mar 13, 2023 and is managed by First Trust.