First Trust Core Investment Grade ETF (NYSEARCA:FTCB) Sees Large Increase in Short Interest

by · The Markets Daily

First Trust Core Investment Grade ETF (NYSEARCA:FTCB – Get Free Report) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 199,962 shares, a growth of 95.3% from the June 15th total of 102,385 shares. Based on an average daily volume of 724,223 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Park Avenue Securities LLC lifted its holdings in First Trust Core Investment Grade ETF by 19.7% during the 4th quarter. Park Avenue Securities LLC now owns 158,228 shares of the company’s stock worth $3,359,000 after buying an additional 26,064 shares in the last quarter. BAM Wealth Management LLC acquired a new stake in shares of First Trust Core Investment Grade ETF in the 4th quarter valued at $1,095,000. IFP Advisors Inc increased its stake in shares of First Trust Core Investment Grade ETF by 19.4% in the 3rd quarter. IFP Advisors Inc now owns 193,099 shares of the company’s stock valued at $4,115,000 after buying an additional 31,350 shares during the period. HBW Advisory Services LLC raised its position in shares of First Trust Core Investment Grade ETF by 31.3% during the fourth quarter. HBW Advisory Services LLC now owns 473,609 shares of the company’s stock worth $10,055,000 after acquiring an additional 112,795 shares during the last quarter. Finally, Daymark Wealth Partners LLC bought a new stake in shares of First Trust Core Investment Grade ETF during the fourth quarter worth $882,000.

First Trust Core Investment Grade ETF Price Performance

NYSEARCA:FTCB traded up $0.01 on Thursday, reaching $20.76. The stock had a trading volume of 424,539 shares, compared to its average volume of 745,757. First Trust Core Investment Grade ETF has a 1-year low of $20.59 and a 1-year high of $21.87. The stock has a fifty day moving average price of $20.83 and a 200-day moving average price of $21.04.

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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