First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV – Get Free Report) was the target of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 3,413 shares, an increase of 128.4% from the July 30th total of 1,494 shares. Based on an average daily trading volume, of 11,173 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are short sold.
Institutional Trading of First Trust Intermediate Government Opportunities ETF
Several hedge funds have recently bought and sold shares of the stock. Osaic Holdings Inc. increased its position in First Trust Intermediate Government Opportunities ETF by 37.4% in the second quarter. Osaic Holdings Inc. now owns 7,788 shares of the company’s stock worth $157,000 after buying an additional 2,119 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in First Trust Intermediate Government Opportunities ETF during the 1st quarter worth approximately $205,000. Kovack Advisors Inc. bought a new stake in First Trust Intermediate Government Opportunities ETF during the 4th quarter worth approximately $251,000. Benjamin Edwards Inc. purchased a new position in First Trust Intermediate Government Opportunities ETF during the fourth quarter valued at approximately $267,000. Finally, NewEdge Advisors LLC lifted its holdings in 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 in the last quarter.
First Trust Intermediate Government Opportunities ETF Trading Down 0.3%
Shares of First Trust Intermediate Government Opportunities ETF stock traded down $0.06 on Friday, hitting $19.89. 16,840 shares of the company’s stock were exchanged, compared to its average volume of 34,435. First Trust Intermediate Government Opportunities ETF has a 1 year low of $19.72 and a 1 year high of $20.95. The company has a 50-day simple moving average of $19.99 and a 200-day simple moving average of $20.23.
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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