First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV – Get Free Report) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 84,353 shares, an increase of 3,692.9% from the August 15th total of 2,224 shares. Based on an average trading volume of 203,769 shares, the short-interest ratio is currently 0.4 days. Approximately 0.3% of the company’s shares are short sold.
First Trust Long Duration Opportunities ETF Stock Performance
NYSEARCA:LGOV opened at $20.34 on Friday. The stock has a market capitalization of $602.06 million, a P/E ratio of -10,671.56 and a beta of 0.34. The company has a 50 day moving average price of $20.96 and a 200 day moving average price of $21.37. First Trust Long Duration Opportunities ETF has a fifty-two week low of $20.34 and a fifty-two week high of $23.59.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the company. Stephens Inc. AR grew its position in First Trust Long Duration Opportunities ETF by 29.7% in the 1st quarter. Stephens Inc. AR now owns 870,712 shares of the company’s stock valued at $18,781,000 after acquiring an additional 199,341 shares in the last quarter. Centennial Wealth Advisory LLC lifted its position in shares of First Trust Long Duration Opportunities ETF by 109.0% during the first quarter. Centennial Wealth Advisory LLC now owns 394,494 shares of the company’s stock worth $8,509,000 after purchasing an additional 205,721 shares in the last quarter. Kestra Private Wealth Services LLC lifted its position in shares of First Trust Long Duration Opportunities ETF by 80.5% during the first quarter. Kestra Private Wealth Services LLC now owns 58,493 shares of the company’s stock worth $1,262,000 after purchasing an additional 26,086 shares in the last quarter. Kingsview Wealth Management LLC boosted its stake in shares of First Trust Long Duration Opportunities ETF by 379.0% in the fourth quarter. Kingsview Wealth Management LLC now owns 310,968 shares of the company’s stock valued at $6,788,000 after purchasing an additional 246,047 shares during the period. Finally, Tidemark LLC purchased a new position in shares of First Trust Long Duration Opportunities ETF in the fourth quarter valued at approximately $12,359,000. 0.03% of the stock is currently owned by hedge funds and other institutional investors.
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.
See Also
- Five stocks we like better than First Trust Long Duration Opportunities ETF
- Block Makes a Federal Trust Bank Move That Could Reshape Its Fintech Model
- Kroger’s Textbook Entry for Buy-and-Hold Investors
- AST SpaceMobile Looks to Extend Its 30-Day FCC Satellite Testing Window
- Amgen Drops 10% on a Trial It Didn’t Even Run
Receive News & Ratings for First Trust Long Duration Opportunities ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Long Duration Opportunities ETF and related companies with MarketBeat.com's FREE daily email newsletter.
