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

First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) was the recipient of a significant growth in short interest during the month of 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. Approximately 0.7% of the company’s shares are sold short. Based on an average trading volume of 13,762 shares, the short-interest ratio is currently 1.4 days. Based on an average trading volume of 13,762 shares, the short-interest ratio is currently 1.4 days. Approximately 0.7% of the company’s shares are sold short.

First Trust Intermediate Government Opportunities ETF Stock Performance

NYSEARCA MGOV opened at $20.52 on Monday. First Trust Intermediate Government Opportunities ETF has a twelve month low of $19.54 and a twelve month high of $20.76. The stock has a fifty day simple moving average of $20.57 and a 200 day simple moving average of $20.37.

First Trust Intermediate Government Opportunities ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 21st were given a $0.085 dividend. The ex-dividend date was Friday, November 21st. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%.

Hedge Funds Weigh In On First Trust Intermediate Government Opportunities ETF

A number of institutional investors and hedge funds have recently modified their holdings of MGOV. Integrated Wealth Concepts LLC boosted its stake in First Trust Intermediate Government Opportunities ETF by 1.1% during the third quarter. Integrated Wealth Concepts LLC now owns 85,489 shares of the company’s stock worth $1,750,000 after acquiring an additional 963 shares in the last quarter. Ashton Thomas Private Wealth LLC boosted its position in shares of First Trust Intermediate Government Opportunities ETF by 5.9% during the 1st quarter. Ashton Thomas Private Wealth LLC now owns 30,803 shares of the company’s stock worth $624,000 after purchasing an additional 1,729 shares in the last quarter. Citadel Advisors LLC grew its stake in shares of First Trust Intermediate Government Opportunities ETF by 7.9% in the 3rd quarter. Citadel Advisors LLC now owns 26,581 shares of the company’s stock valued at $544,000 after buying an additional 1,939 shares during the period. Osaic Holdings Inc. grew its stake in First Trust Intermediate Government Opportunities ETF by 37.4% in the second quarter. Osaic Holdings Inc. now owns 7,788 shares of the company’s stock valued at $157,000 after acquiring an additional 2,119 shares during the period. Finally, Ameritas Advisory Services LLC bought a new stake in First Trust Intermediate Government Opportunities ETF during the 2nd quarter valued at $75,000.

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.