First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV – Get Free Report) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 1,494 shares, a drop of 79.5% from the July 15th total of 7,282 shares. Based on an average daily volume of 20,538 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.
First Trust Intermediate Government Opportunities ETF Trading Up 0.4%
Shares of MGOV stock traded up $0.07 on Thursday, reaching $19.95. The company’s stock had a trading volume of 9,351 shares, compared to its average volume of 35,732. First Trust Intermediate Government Opportunities ETF has a 12-month low of $19.72 and a 12-month high of $20.95. The stock’s 50 day simple moving average is $20.04 and its 200-day simple moving average is $20.27.
Institutional Trading of First Trust Intermediate Government Opportunities ETF
A number of hedge funds have recently made changes to their positions in MGOV. HighTower Advisors LLC grew its holdings in shares of First Trust Intermediate Government Opportunities ETF by 0.5% during the 4th quarter. HighTower Advisors LLC now owns 133,946 shares of the company’s stock valued at $2,743,000 after purchasing an additional 603 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of First Trust Intermediate Government Opportunities ETF by 1.1% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 85,489 shares of the company’s stock valued at $1,750,000 after acquiring an additional 963 shares during the last quarter. Narwhal Capital Management boosted its holdings in First Trust Intermediate Government Opportunities ETF by 3.5% during the 4th quarter. Narwhal Capital Management now owns 42,453 shares of the company’s stock valued at $869,000 after acquiring an additional 1,417 shares during the period. Citadel Advisors LLC boosted its holdings in First Trust Intermediate Government Opportunities ETF by 7.9% during the 3rd quarter. Citadel Advisors LLC now owns 26,581 shares of the company’s stock valued at $544,000 after acquiring an additional 1,939 shares during the period. Finally, Osaic Holdings Inc. grew its position 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 acquiring an additional 2,119 shares during the last quarter.
About First Trust Intermediate Government Opportunities ETF
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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