Short Interest in First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Expands By 67.8%
by Doug Wharley · The Cerbat GemFirst Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG – Get Free Report) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 92,921 shares, a growth of 67.8% from the March 15th total of 55,373 shares. Based on an average daily volume of 435,037 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are sold short.
Institutional Trading of First Trust Limited Duration Investment Grade Corporate ETF
Several large investors have recently added to or reduced their stakes in FSIG. Godfrey Financial Associates Inc. bought a new stake in First Trust Limited Duration Investment Grade Corporate ETF during the fourth quarter valued at approximately $36,000. Geneos Wealth Management Inc. grew its position in First Trust Limited Duration Investment Grade Corporate ETF by 68.7% during the second quarter. Geneos Wealth Management Inc. now owns 2,871 shares of the company’s stock valued at $55,000 after buying an additional 1,169 shares during the period. Triumph Capital Management bought a new stake in First Trust Limited Duration Investment Grade Corporate ETF during the third quarter valued at approximately $91,000. Advisory Services Network LLC bought a new position in shares of First Trust Limited Duration Investment Grade Corporate ETF in the third quarter worth approximately $143,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of First Trust Limited Duration Investment Grade Corporate ETF by 5,283.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 7,806 shares of the company’s stock worth $150,000 after purchasing an additional 7,661 shares during the period.
First Trust Limited Duration Investment Grade Corporate ETF Stock Performance
NYSEARCA FSIG traded up $0.03 during trading hours on Tuesday, hitting $19.06. 337,878 shares of the company’s stock traded hands, compared to its average volume of 454,933. The business’s fifty day moving average price is $19.07 and its two-hundred day moving average price is $19.16. First Trust Limited Duration Investment Grade Corporate ETF has a 52 week low of $18.80 and a 52 week high of $19.33.
About First Trust Limited Duration Investment Grade Corporate ETF
The First Trust Limited Duration Investment Grade Corporate ETF (FSIG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund seeks to provide current income from an actively managed portfolio of short-term US investment-grade corporate bonds. FSIG was launched on Nov 17, 2021 and is managed by First Trust.