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

First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) was the target of a significant increase in short interest during the month of August. As of August 15th, there was short interest totaling 6,200 shares, anincreaseof195.2% from the July 31st total of 2,100 shares. Based on an average trading volume of 13,400 shares, the short-interest ratio is currently 0.5 days. Based on an average trading volume of 13,400 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On First Trust Intermediate Government Opportunities ETF

Hedge funds have recently made changes to their positions in the stock. Citadel Advisors LLC bought a new stake in First Trust Intermediate Government Opportunities ETF during the fourth quarter worth $853,000. Iams Wealth Management LLC raised its stake in shares of First Trust Intermediate Government Opportunities ETF by 19.7% in the first quarter. Iams Wealth Management LLC now owns 27,847 shares of the company’s stock valued at $564,000 after buying an additional 4,590 shares during the period. Narwhal Capital Management raised its stake in shares of First Trust Intermediate Government Opportunities ETF by 115.9% in the first quarter. Narwhal Capital Management now owns 34,918 shares of the company’s stock valued at $707,000 after buying an additional 18,746 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of First Trust Intermediate Government Opportunities ETF by 16.1% in the first quarter. Envestnet Asset Management Inc. now owns 167,653 shares of the company’s stock valued at $3,396,000 after buying an additional 23,286 shares during the period. Finally, IFP Advisors Inc raised its stake in shares of First Trust Intermediate Government Opportunities ETF by 44.4% in the first quarter. IFP Advisors Inc now owns 38,717 shares of the company’s stock valued at $784,000 after buying an additional 11,899 shares during the period.

First Trust Intermediate Government Opportunities ETF Stock Up 0.5%

NYSEARCA:MGOV opened at $20.48 on Friday. First Trust Intermediate Government Opportunities ETF has a twelve month low of $19.54 and a twelve month high of $21.13. The business has a 50 day moving average price of $20.14 and a two-hundred day moving average price of $20.08.

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.