First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) Short Interest Up 56.9% in December

First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) saw a large growth in short interest in December. As of December 15th, there was short interest totaling 19,870 shares, a growth of 56.9% from the November 30th total of 12,663 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 13,762 shares, the days-to-cover ratio is presently 1.4 days. Based on an average daily trading volume, of 13,762 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.7% of the shares of the company are sold short.

First Trust Intermediate Government Opportunities ETF Stock Up 0.0%

First Trust Intermediate Government Opportunities ETF stock opened at $20.52 on Monday. The business has a fifty day moving average price of $20.57 and a 200-day moving average price of $20.37. First Trust Intermediate Government Opportunities ETF has a one year low of $19.54 and a one year high of $20.76.

First Trust Intermediate Government Opportunities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 21st were paid a dividend of $0.085 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a c) annualized dividend and a yield of 5.0%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Ameritas Advisory Services LLC purchased a new stake in shares of First Trust Intermediate Government Opportunities ETF during the 2nd quarter valued at $75,000. Osaic Holdings Inc. increased its stake in First Trust Intermediate Government Opportunities ETF by 37.4% in the 2nd quarter. Osaic Holdings Inc. now owns 7,788 shares of the company’s stock worth $157,000 after purchasing an additional 2,119 shares during the period. AE Wealth Management LLC bought a new stake in First Trust Intermediate Government Opportunities ETF during the 3rd quarter valued at $479,000. Citadel Advisors LLC boosted its holdings in shares of First Trust Intermediate Government Opportunities ETF by 7.9% during the third quarter. Citadel Advisors LLC now owns 26,581 shares of the company’s stock worth $544,000 after purchasing an additional 1,939 shares during the period. Finally, Ashton Thomas Private Wealth LLC increased its stake in shares of First Trust Intermediate Government Opportunities ETF by 5.9% during the first quarter. Ashton Thomas Private Wealth LLC now owns 30,803 shares of the company’s stock valued at $624,000 after buying an additional 1,729 shares during the period.

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.