First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) Sees Large Decline in Short Interest

First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) saw a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 10,192 shares, a drop of 80.8% from the October 15th total of 53,212 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 25,226 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On First Trust Intermediate Government Opportunities ETF

Large investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. increased its holdings in First Trust Intermediate Government Opportunities ETF by 32.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,004,072 shares of the company’s stock worth $20,271,000 after acquiring an additional 245,936 shares during the period. Commonwealth Equity Services LLC bought a new stake in First Trust Intermediate Government Opportunities ETF during the third quarter valued at $9,740,000. First Trust Advisors LP bought a new stake in First Trust Intermediate Government Opportunities ETF during the third quarter valued at $4,984,000. Cetera Investment Advisers grew its position in First Trust Intermediate Government Opportunities ETF by 8.5% during the first quarter. Cetera Investment Advisers now owns 206,115 shares of the company’s stock worth $4,179,000 after buying an additional 16,158 shares in the last quarter. Finally, Harbour Investments Inc. purchased a new position in First Trust Intermediate Government Opportunities ETF during the third quarter worth about $3,118,000.

First Trust Intermediate Government Opportunities ETF Stock Down 0.8%

First Trust Intermediate Government Opportunities ETF stock traded down $0.15 during mid-day trading on Thursday, reaching $19.34. The company’s stock had a trading volume of 16,162 shares, compared to its average volume of 32,808. The firm’s fifty day moving average price is $19.41 and its two-hundred day moving average price is $20.03. First Trust Intermediate Government Opportunities ETF has a 12-month low of $18.94 and a 12-month high of $20.95.

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.