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

by · The Cerbat Gem

FT Vest Investment Grade & Target Income ETF (NYSEARCA:LQTI – Get Free Report) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 20,640 shares, a growth of 1,027.9% from the August 15th total of 1,830 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 64,050 shares, the days-to-cover ratio is presently 0.3 days.

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

A number of institutional investors have recently modified their holdings of LQTI. Kestra Advisory Services LLC purchased a new position in shares of FT Vest Investment Grade & Target Income ETF during the 4th quarter valued at $216,000. Integrated Wealth Concepts LLC acquired a new position in FT Vest Investment Grade & Target Income ETF in the 4th quarter worth about $251,000. Ameritas Advisory Services LLC acquired a new position in FT Vest Investment Grade & Target Income ETF in the 2nd quarter worth about $308,000. Envestnet Asset Management Inc. purchased a new stake in shares of FT Vest Investment Grade & Target Income ETF during the 3rd quarter worth about $336,000. Finally, IFP Advisors Inc lifted its holdings in shares of FT Vest Investment Grade & Target Income ETF by 34.9% during the 4th quarter. IFP Advisors Inc now owns 17,329 shares of the company’s stock valued at $349,000 after buying an additional 4,483 shares during the last quarter.

FT Vest Investment Grade & Target Income ETF Stock Performance

Shares of LQTI stock traded down $0.16 during trading on Thursday, hitting $18.40. 66,979 shares of the company were exchanged, compared to its average volume of 92,978. The business’s 50-day simple moving average is $18.81 and its 200 day simple moving average is $19.26. FT Vest Investment Grade & Target Income ETF has a twelve month low of $18.40 and a twelve month high of $22.17.

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.

See Also