First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV – Get Free Report) saw a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 8,809 shares, a decline of 32.9% from the June 30th total of 13,131 shares. Based on an average trading volume of 202,035 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.
First Trust Long Duration Opportunities ETF Price Performance
Shares of LGOV opened at $20.98 on Friday. The company has a market capitalization of $621.01 million, a P/E ratio of -11,007.35 and a beta of 0.34. First Trust Long Duration Opportunities ETF has a one year low of $20.45 and a one year high of $23.59. The business’s 50 day simple moving average is $21.29 and its 200-day simple moving average is $21.60.
Hedge Funds Weigh In On First Trust Long Duration Opportunities ETF
A number of institutional investors and hedge funds have recently bought and sold shares of LGOV. Tidemark LLC acquired a new stake in shares of First Trust Long Duration Opportunities ETF in the fourth quarter valued at $12,359,000. Concurrent Investment Advisors LLC raised its holdings in shares of First Trust Long Duration Opportunities ETF by 1,085.2% in the fourth quarter. Concurrent Investment Advisors LLC now owns 564,951 shares of the company’s stock valued at $12,333,000 after buying an additional 517,283 shares during the last quarter. Raymond James Financial Inc. raised its holdings in shares of First Trust Long Duration Opportunities ETF by 36.5% in the second quarter. Raymond James Financial Inc. now owns 1,708,012 shares of the company’s stock valued at $36,586,000 after buying an additional 456,623 shares during the last quarter. LPL Financial LLC lifted its position in First Trust Long Duration Opportunities ETF by 11.5% during the 4th quarter. LPL Financial LLC now owns 3,889,011 shares of the company’s stock worth $84,897,000 after buying an additional 401,560 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in First Trust Long Duration Opportunities ETF by 311.4% during the 2nd quarter. Jane Street Group LLC now owns 394,726 shares of the company’s stock worth $8,455,000 after buying an additional 298,781 shares in the last quarter. Institutional investors and hedge funds own 0.03% of the company’s stock.
About First Trust Long Duration Opportunities ETF
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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