First Trust Core Investment Grade ETF (NYSEARCA:FTCB) Short Interest Update

by · The Markets Daily

First Trust Core Investment Grade ETF (NYSEARCA:FTCB – Get Free Report) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 102,385 shares, a decline of 48.5% from the May 31st total of 198,883 shares. Based on an average trading volume of 479,165 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On First Trust Core Investment Grade ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pine Valley Investments Ltd Liability Co lifted its holdings in shares of First Trust Core Investment Grade ETF by 8.7% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 1,159,598 shares of the company’s stock valued at $24,305,000 after buying an additional 92,649 shares during the period. NewEdge Advisors LLC grew its holdings in First Trust Core Investment Grade ETF by 233.9% during the first quarter. NewEdge Advisors LLC now owns 739,203 shares of the company’s stock worth $15,494,000 after acquiring an additional 517,799 shares during the period. Arkadios Wealth Advisors raised its position in First Trust Core Investment Grade ETF by 35.3% during the first quarter. Arkadios Wealth Advisors now owns 83,587 shares of the company’s stock valued at $1,752,000 after acquiring an additional 21,798 shares in the last quarter. Royal Bank of Canada raised its position in First Trust Core Investment Grade ETF by 27.1% during the first quarter. Royal Bank of Canada now owns 566,232 shares of the company’s stock valued at $11,868,000 after acquiring an additional 120,604 shares in the last quarter. Finally, Gateway Wealth Partners LLC lifted its holdings in First Trust Core Investment Grade ETF by 165.3% in the first quarter. Gateway Wealth Partners LLC now owns 458,485 shares of the company’s stock valued at $9,610,000 after acquiring an additional 285,644 shares during the period.

First Trust Core Investment Grade ETF Stock Down 0.1%

Shares of FTCB stock traded down $0.03 during trading hours on Wednesday, hitting $20.82. The company’s stock had a trading volume of 812,081 shares, compared to its average volume of 728,054. First Trust Core Investment Grade ETF has a 12-month low of $20.59 and a 12-month high of $21.87. The company has a 50 day moving average of $20.87 and a 200 day moving average of $21.07.

About First Trust Core Investment Grade ETF

(Get Free Report)

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.

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