First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV – Get Free Report) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 2,224 shares, a decline of 94.9% from the July 30th total of 43,373 shares. Based on an average daily volume of 187,957 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the stock. Raleigh Capital Management Inc. boosted its position in shares of First Trust Long Duration Opportunities ETF by 31.6% during the first quarter. Raleigh Capital Management Inc. now owns 1,931 shares of the company’s stock worth $42,000 after buying an additional 464 shares during the period. Principal Securities Inc. raised its position in First Trust Long Duration Opportunities ETF by 2.9% during the fourth quarter. Principal Securities Inc. now owns 16,548 shares of the company’s stock worth $361,000 after acquiring an additional 466 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of First Trust Long Duration Opportunities ETF by 21.3% in the 3rd quarter. Larson Financial Group LLC now owns 2,669 shares of the company’s stock valued at $58,000 after purchasing an additional 469 shares during the period. Rockefeller Capital Management L.P. boosted its stake in shares of First Trust Long Duration Opportunities ETF by 2.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 26,800 shares of the company’s stock worth $585,000 after acquiring an additional 522 shares during the period. Finally, Balefire LLC increased its holdings in shares of First Trust Long Duration Opportunities ETF by 3.6% in the first quarter. Balefire LLC now owns 18,088 shares of the company’s stock valued at $390,000 after purchasing an additional 633 shares during the last quarter. 0.03% of the stock is owned by institutional investors and hedge funds.
First Trust Long Duration Opportunities ETF Stock Down 0.3%
Shares of First Trust Long Duration Opportunities ETF stock traded down $0.06 on Wednesday, reaching $20.98. The stock had a trading volume of 57,624 shares, compared to its average volume of 193,821. The stock 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 1 year low of $20.45 and a 1 year high of $23.59. The company has a 50 day moving average price of $21.15 and a 200 day moving average price of $21.49.
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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