FT Vest Investment Grade & Target Income ETF (NYSEARCA:LQTI) Short Interest Update

FT Vest Investment Grade & Target Income ETF (NYSEARCA:LQTI) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 59,900 shares, a growth of 179.9% from the August 31st total of 21,400 shares. Based on an average daily volume of 67,300 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 67,300 shares, the days-to-cover ratio is currently 0.9 days.

FT Vest Investment Grade & Target Income ETF Stock Performance

NYSEARCA:LQTI opened at $20.34 on Friday. FT Vest Investment Grade & Target Income ETF has a 1-year low of $19.45 and a 1-year high of $20.61. The stock’s 50-day moving average is $20.29 and its 200-day moving average is $20.14.

Institutional Trading of FT Vest Investment Grade & Target Income ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. American Financial Advisors LLC bought a new position in shares of FT Vest Investment Grade & Target Income ETF in the first quarter valued at approximately $2,017,000. IFP Advisors Inc purchased a new stake in FT Vest Investment Grade & Target Income ETF in the 1st quarter valued at $264,000. Avantax Advisory Services Inc. bought a new position in FT Vest Investment Grade & Target Income ETF during the 1st quarter valued at $1,353,000. TFB Advisors LLC bought a new position in FT Vest Investment Grade & Target Income ETF during the 1st quarter valued at $247,000. Finally, Independent Wealth Network Inc. purchased a new position in FT Vest Investment Grade & Target Income ETF during the 2nd quarter worth $1,814,000.

About FT Vest Investment Grade & Target Income ETF

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.