First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV – Get Free Report) saw a significant decrease in short interest in June. As of June 15th, there was short interest totaling 9,361 shares, a decrease of 85.7% from the May 31st total of 65,523 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 189,254 shares, the days-to-cover ratio is currently 0.0 days.
First Trust Long Duration Opportunities ETF Trading Up 0.2%
LGOV traded up $0.04 during midday trading on Friday, reaching $21.58. The company’s stock had a trading volume of 264,871 shares, compared to its average volume of 195,220. The firm has a market capitalization of $666.82 million, a price-to-earnings ratio of -11,322.14 and a beta of 0.34. The stock’s 50-day moving average is $21.45 and its 200-day moving average is $21.72. First Trust Long Duration Opportunities ETF has a 1 year low of $20.45 and a 1 year high of $23.59.
Institutional Investors Weigh In On First Trust Long Duration Opportunities ETF
A number of institutional investors have recently bought and sold shares of the business. Jane Street Group LLC increased its stake in First Trust Long Duration Opportunities ETF by 379.7% during the first quarter. Jane Street Group LLC now owns 95,945 shares of the company’s stock worth $2,063,000 after acquiring an additional 75,942 shares during the last quarter. NewEdge Advisors LLC raised its position in First Trust Long Duration Opportunities ETF by 0.5% during the 2nd quarter. NewEdge Advisors LLC now owns 237,046 shares of the company’s stock valued at $5,078,000 after purchasing an additional 1,217 shares in the last quarter. Raymond James Financial Inc. increased its position in First Trust Long Duration Opportunities ETF by 36.5% during the 2nd quarter. Raymond James Financial Inc. now owns 1,708,012 shares of the company’s stock valued at $36,586,000 after purchasing an additional 456,623 shares during the period. FSB Premier Wealth Management Inc. increased its holdings in First Trust Long Duration Opportunities ETF by 11.7% during the second quarter. FSB Premier Wealth Management Inc. now owns 121,758 shares of the company’s stock valued at $2,608,000 after buying an additional 12,711 shares during the period. Finally, Asset Allocation Strategies LLC bought a new position in shares of First Trust Long Duration Opportunities ETF in the 2nd quarter worth $240,000. Hedge funds and other institutional investors own 0.03% of the company’s stock.
First Trust Long Duration Opportunities ETF Company Profile
The First Trust Long Duration Opportunities ETF (LGOV) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund holds an actively managed portfolio of US government bonds with an average duration of eight or more years. The fund seeks current income with a focus on capital preservation. LGOV was launched on Jan 22, 2019 and is managed by First Trust.
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