First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) Short Interest Update

First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) saw a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 3,536 shares, a decrease of 80.6% from the April 30th total of 18,199 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 45,254 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of First Trust Intermediate Government Opportunities ETF

A number of hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. boosted its stake in shares of First Trust Intermediate Government Opportunities ETF by 37.4% during the 2nd quarter. Osaic Holdings Inc. now owns 7,788 shares of the company’s stock worth $157,000 after acquiring an additional 2,119 shares during the period. Kestra Advisory Services LLC bought a new stake in First Trust Intermediate Government Opportunities ETF in the 1st quarter valued at $205,000. Kovack Advisors Inc. acquired a new stake in First Trust Intermediate Government Opportunities ETF during the 4th quarter valued at $251,000. Benjamin Edwards Inc. bought a new position in First Trust Intermediate Government Opportunities ETF during the fourth quarter worth $267,000. Finally, NewEdge Advisors LLC boosted its position 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 worth $462,000 after purchasing an additional 19,084 shares during the period.

First Trust Intermediate Government Opportunities ETF Trading Up 0.1%

Shares of NYSEARCA:MGOV opened at $20.09 on Thursday. First Trust Intermediate Government Opportunities ETF has a 52-week low of $19.65 and a 52-week high of $20.95. The company has a 50-day simple moving average of $20.26 and a 200 day simple moving average of $20.46.

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.