Short Interest in FT Vest Gold Strategy Target Income ETF (BATS:IGLD) Drops By 74.2%

FT Vest Gold Strategy Target Income ETF (BATS:IGLD) was the recipient of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 65,321 shares, a decrease of 74.2% from the July 30th total of 252,814 shares. Based on an average daily volume of 289,695 shares, the short-interest ratio is presently 0.2 days. Currently, 0.6% of the company’s stock are sold short.

Institutional Investors Weigh In On FT Vest Gold Strategy Target Income ETF

Large investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. acquired a new position in FT Vest Gold Strategy Target Income ETF during the second quarter worth $37,000. Torren Management LLC bought a new stake in FT Vest Gold Strategy Target Income ETF during the first quarter worth $51,000. Triumph Capital Management lifted its stake in FT Vest Gold Strategy Target Income ETF by 574.3% in the fourth quarter. Triumph Capital Management now owns 2,023 shares of the company’s stock valued at $51,000 after acquiring an additional 1,723 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in FT Vest Gold Strategy Target Income ETF by 20.8% in the first quarter. Geneos Wealth Management Inc. now owns 2,823 shares of the company’s stock valued at $59,000 after acquiring an additional 486 shares during the last quarter. Finally, Western Wealth Management LLC bought a new position in shares of FT Vest Gold Strategy Target Income ETF in the 1st quarter valued at about $76,000.

FT Vest Gold Strategy Target Income ETF Stock Performance

IGLD stock opened at $22.78 on Friday. FT Vest Gold Strategy Target Income ETF has a twelve month low of $20.22 and a twelve month high of $30.42. The business has a 50 day moving average price of $21.33 and a two-hundred day moving average price of $23.95.

About FT Vest Gold Strategy Target Income ETF

The FT Cboe Vest Gold Target Income ETF (IGLD) is an exchange-traded fund that is based on the SPDR Gold Trust index. The fund aims to generate income from a long position in SPDR Gold Trust ETF (GLD) and call spreads utilizing FLEX options. The fund gains exposure through a wholly-owned subsidiary. IGLD was launched on Mar 2, 2021 and is managed by First Trust.