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

First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) was the target of a large drop in short interest in September. As of September 15th, there was short interest totaling 6,204 shares, a drop of 92.6% from the August 31st total of 84,353 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 226,134 shares, the days-to-cover ratio is currently 0.0 days.

First Trust Long Duration Opportunities ETF Price Performance

Shares of LGOV stock traded up $0.07 on Friday, hitting $19.95. The company’s stock had a trading volume of 183,319 shares, compared to its average volume of 197,100. The stock has a market capitalization of $598.50 million, a price-to-earnings ratio of -10,466.95 and a beta of 0.34. First Trust Long Duration Opportunities ETF has a fifty-two week low of $19.56 and a fifty-two week high of $23.59. The firm’s fifty day moving average price is $20.78 and its 200-day moving average price is $21.24.

Hedge Funds Weigh In On First Trust Long Duration Opportunities ETF

Several institutional investors have recently bought and sold shares of the stock. Stephens Inc. AR boosted its stake in shares of First Trust Long Duration Opportunities ETF by 29.7% during the 1st quarter. Stephens Inc. AR now owns 870,712 shares of the company’s stock worth $18,781,000 after acquiring an additional 199,341 shares in the last quarter. Kingsview Wealth Management LLC raised its stake in shares of First Trust Long Duration Opportunities ETF by 379.0% in the 4th quarter. Kingsview Wealth Management LLC now owns 310,968 shares of the company’s stock valued at $6,788,000 after acquiring an additional 246,047 shares in the last quarter. Tidemark LLC bought a new position in shares of First Trust Long Duration Opportunities ETF in the 4th quarter valued at approximately $12,359,000. Centennial Wealth Advisory LLC lifted its holdings in First Trust Long Duration Opportunities ETF by 109.0% in the 1st quarter. Centennial Wealth Advisory LLC now owns 394,494 shares of the company’s stock worth $8,509,000 after purchasing an additional 205,721 shares during the last quarter. Finally, Kestra Private Wealth Services LLC lifted its holdings in First Trust Long Duration Opportunities ETF by 80.5% in the 1st quarter. Kestra Private Wealth Services LLC now owns 58,493 shares of the company’s stock worth $1,262,000 after purchasing an additional 26,086 shares during the last quarter. 0.03% of the stock is currently owned by institutional investors.

About First Trust Long Duration Opportunities ETF

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.