First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) Short Interest Update

First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 43,373 shares, an increase of 392.4% from the July 15th total of 8,809 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 150,112 shares, the days-to-cover ratio is currently 0.3 days.

First Trust Long Duration Opportunities ETF Trading Up 0.1%

NYSEARCA LGOV traded up $0.03 during trading on Wednesday, reaching $20.92. The company’s stock had a trading volume of 46,790 shares, compared to its average volume of 193,760. The stock has a market capitalization of $619.23 million, a PE ratio of -10,975.87 and a beta of 0.34. First Trust Long Duration Opportunities ETF has a 1-year low of $20.45 and a 1-year high of $23.59. The business has a 50-day moving average price of $21.22 and a 200-day moving average price of $21.55.

Institutional Investors Weigh In On First Trust Long Duration Opportunities ETF

Institutional investors and hedge funds have recently modified their holdings of the business. LPL Financial LLC raised its holdings in First Trust Long Duration Opportunities ETF by 11.5% during the fourth quarter. LPL Financial LLC now owns 3,889,011 shares of the company’s stock valued at $84,897,000 after buying an additional 401,560 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of First Trust Long Duration Opportunities ETF by 8.8% during the 1st 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. Raymond James Financial Inc. increased its holdings in shares of First Trust Long Duration Opportunities ETF by 36.5% during the 2nd quarter. Raymond James Financial Inc. now owns 1,708,012 shares of the company’s stock valued at $36,586,000 after acquiring an additional 456,623 shares during the last quarter. Csenge Advisory Group raised its stake in shares of First Trust Long Duration Opportunities ETF by 6.2% in the 4th quarter. Csenge Advisory Group now owns 974,216 shares of the company’s stock valued at $21,267,000 after acquiring an additional 56,704 shares in the last quarter. Finally, Stephens Inc. AR raised its stake in shares of First Trust Long Duration Opportunities ETF by 29.7% in the 1st quarter. Stephens Inc. AR now owns 870,712 shares of the company’s stock valued at $18,781,000 after acquiring an additional 199,341 shares in the last quarter. Institutional investors and hedge funds own 0.03% of the company’s stock.

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.