Short Interest in FT Vest Gold Strategy Target Income ETF (BATS:IGLD) Grows By 125.0%

FT Vest Gold Strategy Target Income ETF (BATS:IGLD) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 164,921 shares, an increase of 125.0% from the April 15th total of 73,283 shares. Approximately 1.4% of the company’s stock are sold short. Based on an average daily trading volume, of 274,021 shares, the short-interest ratio is presently 0.6 days.

FT Vest Gold Strategy Target Income ETF Trading Down 2.1%

Shares of BATS:IGLD opened at $24.08 on Friday. FT Vest Gold Strategy Target Income ETF has a 1 year low of $20.86 and a 1 year high of $30.42. The business has a fifty day simple moving average of $25.46 and a 200 day simple moving average of $25.92.

Institutional Trading of FT Vest Gold Strategy Target Income ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of FT Vest Gold Strategy Target Income ETF during the second quarter worth $37,000. Torren Management LLC purchased a new stake in shares of FT Vest Gold Strategy Target Income ETF during the first quarter worth $51,000. Triumph Capital Management raised its holdings in shares of FT Vest Gold Strategy Target Income ETF by 574.3% during the fourth quarter. Triumph Capital Management now owns 2,023 shares of the company’s stock worth $51,000 after acquiring an additional 1,723 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of FT Vest Gold Strategy Target Income ETF by 20.8% during the first quarter. Geneos Wealth Management Inc. now owns 2,823 shares of the company’s stock worth $59,000 after acquiring an additional 486 shares in the last quarter. Finally, Capital Investment Advisory Services LLC raised its holdings in shares of FT Vest Gold Strategy Target Income ETF by 1,130.5% during the fourth quarter. Capital Investment Advisory Services LLC now owns 5,045 shares of the company’s stock worth $126,000 after acquiring an additional 4,635 shares in the last quarter.

FT Vest Gold Strategy Target Income ETF Company Profile

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.