Short Interest in First Trust Bloomberg Inflation Sensitive Equity ETF (NYSEARCA:FTIF) Drops By 81.3%

by · The Markets Daily

First Trust Bloomberg Inflation Sensitive Equity ETF (NYSEARCA:FTIF – Get Free Report) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 316 shares, a decrease of 81.3% from the July 15th total of 1,694 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 4,430 shares, the days-to-cover ratio is currently 0.1 days.

First Trust Bloomberg Inflation Sensitive Equity ETF Price Performance

Shares of NYSEARCA:FTIF traded up $0.30 during midday trading on Friday, reaching $29.27. The company had a trading volume of 895 shares, compared to its average volume of 2,814. The stock’s fifty day moving average price is $27.67 and its 200-day moving average price is $27.24. The stock has a market capitalization of $5.85 million, a P/E ratio of 17.44 and a beta of 0.65. First Trust Bloomberg Inflation Sensitive Equity ETF has a one year low of $21.31 and a one year high of $29.38.

Institutional Trading of 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 purchased a new stake in shares of First Trust Bloomberg Inflation Sensitive Equity ETF (NYSEARCA:FTIF – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,575 shares of the company’s stock, valued at approximately $104,000. International Assets Investment Management LLC owned about 9.15% of First Trust Bloomberg Inflation Sensitive Equity ETF at the end of the most recent quarter.

First Trust Bloomberg Inflation Sensitive Equity ETF Company Profile

(Get Free Report)

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.

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