First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV – Get Free Report) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 3,075 shares, a drop of 58.7% from the May 31st total of 7,444 shares. Based on an average daily volume of 36,396 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are short sold.
Institutional Investors Weigh In On First Trust Intermediate Government Opportunities ETF
Several large investors have recently bought and sold shares of the business. Osaic Holdings Inc. lifted its stake 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 valued at $157,000 after acquiring an additional 2,119 shares during the period. Kestra Advisory Services LLC bought a new stake in shares of First Trust Intermediate Government Opportunities ETF in the first quarter worth approximately $205,000. Kovack Advisors Inc. bought a new stake in shares of First Trust Intermediate Government Opportunities ETF in the fourth quarter worth approximately $251,000. Benjamin Edwards Inc. purchased a new position in shares of First Trust Intermediate Government Opportunities ETF during the fourth quarter valued at approximately $267,000. Finally, NewEdge Advisors LLC raised its holdings in shares of 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 valued at $462,000 after purchasing an additional 19,084 shares during the last quarter.
First Trust Intermediate Government Opportunities ETF Price Performance
Shares of MGOV stock remained flat at $20.27 during mid-day trading on Monday. The stock had a trading volume of 12,367 shares, compared to its average volume of 38,961. First Trust Intermediate Government Opportunities ETF has a 52-week low of $19.78 and a 52-week high of $20.95. The company has a 50-day moving average of $20.19 and a 200-day moving average of $20.40.
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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