First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV – Get Free Report) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 7,444 shares, a growth of 110.5% from the May 14th total of 3,536 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 29,886 shares, the short-interest ratio is currently 0.2 days.
Hedge Funds Weigh In On First Trust Intermediate Government Opportunities ETF
Several large investors have recently modified their holdings of MGOV. Osaic Holdings Inc. raised its holdings in First Trust Intermediate Government Opportunities ETF by 37.4% during the 2nd quarter. Osaic Holdings Inc. now owns 7,788 shares of the company’s stock worth $157,000 after purchasing an additional 2,119 shares during the last quarter. Kestra Advisory Services LLC bought a new position in First Trust Intermediate Government Opportunities ETF during the first quarter worth $205,000. Kovack Advisors Inc. bought a new position in First Trust Intermediate Government Opportunities ETF during the fourth quarter worth $251,000. Benjamin Edwards Inc. bought a new position in First Trust Intermediate Government Opportunities ETF during the fourth quarter worth $267,000. Finally, NewEdge Advisors LLC raised its stake in First Trust Intermediate Government Opportunities ETF by 547.1% during the fourth quarter. NewEdge Advisors LLC now owns 22,572 shares of the company’s stock worth $462,000 after buying an additional 19,084 shares during the last quarter.
First Trust Intermediate Government Opportunities ETF Price Performance
Shares of MGOV stock traded up $0.07 during trading hours on Monday, hitting $20.22. 1,973 shares of the company’s stock traded hands, compared to its average volume of 40,666. The stock’s 50 day simple moving average is $20.21 and its 200 day simple moving average is $20.42. First Trust Intermediate Government Opportunities ETF has a 12 month low of $19.78 and a 12 month high of $20.95.
First Trust Intermediate Government Opportunities ETF Company Profile
The First Trust Intermediate Government Opportunities ETF (MGOV) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed ETF that mainly invests in U.S. Treasury and mortgage-related securities MGOV was launched on Aug 2, 2023 and is issued by First Trust.
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