First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV – Get Free Report) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 10,687 shares, a growth of 213.1% from the August 15th total of 3,413 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 18,371 shares, the short-interest ratio is presently 0.6 days.
Institutional Investors Weigh In On First Trust Intermediate Government Opportunities ETF
A number of large investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC raised its stake in First Trust Intermediate Government Opportunities ETF by 11.7% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 112,197 shares of the company’s stock valued at $2,265,000 after purchasing an additional 11,768 shares during the period. NewEdge Advisors LLC raised its stake in shares of First Trust Intermediate Government Opportunities ETF by 52.7% in the 2nd quarter. NewEdge Advisors LLC now owns 71,551 shares of the company’s stock valued at $1,445,000 after acquiring an additional 24,699 shares in the last quarter. Citadel Advisors LLC bought a new stake in First Trust Intermediate Government Opportunities ETF during the second quarter worth approximately $868,000. Cetera Investment Advisers boosted its holdings in shares of First Trust Intermediate Government Opportunities ETF by 8.5% during the 1st quarter. Cetera Investment Advisers now owns 206,115 shares of the company’s stock worth $4,179,000 after buying an additional 16,158 shares during the period. Finally, First Trust Advisors LP grew its position in shares of First Trust Intermediate Government Opportunities ETF by 37.6% in the first quarter. First Trust Advisors LP now owns 249,647 shares of the company’s stock valued at $5,062,000 after purchasing an additional 68,232 shares during the last quarter.
First Trust Intermediate Government Opportunities ETF Stock Down 0.1%
Shares of First Trust Intermediate Government Opportunities ETF stock traded down $0.01 on Monday, reaching $19.60. 79,919 shares of the company were exchanged, compared to its average volume of 33,488. The stock has a fifty day moving average price of $19.90 and a 200-day moving average price of $20.16. First Trust Intermediate Government Opportunities ETF has a fifty-two week low of $19.54 and a fifty-two week high of $20.95.
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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