Short Interest in First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) Expands By 110.5%

First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 7,444 shares, a growth of 110.5% from the May 14th total of 3,536 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 29,886 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of First Trust Intermediate Government Opportunities ETF

A number of hedge funds have recently modified their holdings of MGOV. Truist Financial Corp lifted its stake in shares of First Trust Intermediate Government Opportunities ETF by 246.0% during the 4th quarter. Truist Financial Corp now owns 715,577 shares of the company’s stock worth $14,651,000 after buying an additional 508,778 shares during the last quarter. Stephens Inc. AR acquired a new stake in shares of First Trust Intermediate Government Opportunities ETF during the 1st quarter worth about $7,487,000. Cetera Investment Advisers lifted its stake in shares of First Trust Intermediate Government Opportunities ETF by 450.2% during the 4th quarter. Cetera Investment Advisers now owns 189,957 shares of the company’s stock worth $3,889,000 after buying an additional 155,430 shares during the last quarter. HighTower Advisors LLC bought a new position in shares of First Trust Intermediate Government Opportunities ETF during the third quarter worth approximately $2,730,000. Finally, Kingsview Wealth Management LLC increased its stake in shares of First Trust Intermediate Government Opportunities ETF by 42.7% during the fourth quarter. Kingsview Wealth Management LLC now owns 431,624 shares of the company’s stock worth $8,838,000 after purchasing an additional 129,188 shares during the period.

First Trust Intermediate Government Opportunities ETF Price Performance

NYSEARCA:MGOV traded up $0.08 on Monday, hitting $20.23. The company’s stock had a trading volume of 1,520 shares, compared to its average volume of 40,652. The stock has a fifty day moving average of $20.21 and a two-hundred day moving average of $20.42. First Trust Intermediate Government Opportunities ETF has a one year low of $19.78 and a one year high of $20.95.

First Trust Intermediate Government Opportunities ETF Company Profile

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.