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

by · The Cerbat Gem

FT Vest Investment Grade & Target Income ETF (NYSEARCA:LQTI – Get Free Report) was the recipient of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 18,465 shares, a decrease of 38.8% from the June 30th total of 30,156 shares. Based on an average trading volume of 112,429 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

FT Vest Investment Grade & Target Income ETF Price Performance

Shares of LQTI traded down $0.04 during mid-day trading on Friday, hitting $18.80. 45,953 shares of the company’s stock were exchanged, compared to its average volume of 89,556. FT Vest Investment Grade & Target Income ETF has a 52 week low of $18.77 and a 52 week high of $22.17. The company has a 50-day simple moving average of $19.18 and a 200 day simple moving average of $19.53.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC bought a new position in shares of FT Vest Investment Grade & Target Income ETF in the 4th quarter valued at about $216,000. Integrated Wealth Concepts LLC bought a new stake in FT Vest Investment Grade & Target Income ETF during the fourth quarter worth about $251,000. Envestnet Asset Management Inc. bought a new stake in FT Vest Investment Grade & Target Income ETF during the third quarter worth about $336,000. IFP Advisors Inc raised its holdings in FT Vest Investment Grade & Target Income ETF by 34.9% during the fourth quarter. IFP Advisors Inc now owns 17,329 shares of the company’s stock worth $349,000 after acquiring an additional 4,483 shares in the last quarter. Finally, Maridea Wealth Management LLC acquired a new position in FT Vest Investment Grade & Target Income ETF during the first quarter valued at approximately $375,000.

About FT Vest Investment Grade & Target Income ETF

(Get Free Report)

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.

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