First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) Short Interest Down 85.7% in June

First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) saw a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 9,361 shares, a decline of 85.7% from the May 31st total of 65,523 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 189,254 shares, the days-to-cover ratio is currently 0.0 days.

First Trust Long Duration Opportunities ETF Trading Up 0.3%

First Trust Long Duration Opportunities ETF stock traded up $0.07 during mid-day trading on Friday, hitting $21.61. The stock had a trading volume of 234,406 shares, compared to its average volume of 194,953. The stock has a 50-day simple moving average of $21.45 and a two-hundred day simple moving average of $21.72. The stock has a market capitalization of $667.75 million, a PE ratio of -11,337.88 and a beta of 0.34. First Trust Long Duration Opportunities ETF has a 12 month low of $20.45 and a 12 month high of $23.59.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in LGOV. Western Wealth Management LLC boosted its stake in shares of First Trust Long Duration Opportunities ETF by 4.1% in the 1st quarter. Western Wealth Management LLC now owns 31,366 shares of the company’s stock valued at $677,000 after purchasing an additional 1,230 shares during the last quarter. Pine Valley Investments Ltd Liability Co raised its stake in shares of First Trust Long Duration Opportunities ETF by 36.2% during the first quarter. Pine Valley Investments Ltd Liability Co now owns 14,584 shares of the company’s stock worth $315,000 after buying an additional 3,874 shares during the last quarter. IFS Group LLC acquired a new position in First Trust Long Duration Opportunities ETF in the first quarter valued at approximately $517,000. Royal Bank of Canada boosted its stake in First Trust Long Duration Opportunities ETF by 8.8% in the first quarter. Royal Bank of Canada now owns 2,020,458 shares of the company’s stock valued at $43,581,000 after acquiring an additional 164,213 shares during the last quarter. Finally, Gateway Wealth Partners LLC boosted its stake in First Trust Long Duration Opportunities ETF by 134.0% in the first quarter. Gateway Wealth Partners LLC now owns 33,260 shares of the company’s stock valued at $717,000 after acquiring an additional 19,048 shares during the last quarter. 0.03% of the stock is currently owned by institutional investors and hedge funds.

First Trust Long Duration Opportunities ETF Company Profile

The First Trust Long Duration Opportunities ETF (LGOV) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund holds an actively managed portfolio of US government bonds with an average duration of eight or more years. The fund seeks current income with a focus on capital preservation. LGOV was launched on Jan 22, 2019 and is managed by First Trust.