Short Interest in FT Vest Gold Strategy Target Income ETF (BATS:IGLD) Expands By 145.3%

FT Vest Gold Strategy Target Income ETF (BATS:IGLD) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 194,513 shares, a growth of 145.3% from the June 30th total of 79,281 shares. Approximately 1.7% of the company’s shares are short sold. Based on an average daily volume of 356,372 shares, the short-interest ratio is presently 0.5 days.

FT Vest Gold Strategy Target Income ETF Price Performance

Shares of IGLD opened at $20.71 on Wednesday. The business has a 50-day moving average of $21.90 and a 200 day moving average of $24.78. FT Vest Gold Strategy Target Income ETF has a fifty-two week low of $20.35 and a fifty-two week high of $30.42.

Hedge Funds Weigh In On FT Vest Gold Strategy Target Income ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IGLD. Northwestern Mutual Wealth Management Co. bought a new stake in shares of FT Vest Gold Strategy Target Income ETF in the second quarter valued at approximately $37,000. Torren Management LLC bought a new position in FT Vest Gold Strategy Target Income ETF in the 1st quarter worth approximately $51,000. Triumph Capital Management grew its stake in FT Vest Gold Strategy Target Income ETF by 574.3% in the 4th quarter. Triumph Capital Management now owns 2,023 shares of the company’s stock valued at $51,000 after buying an additional 1,723 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in FT Vest Gold Strategy Target Income ETF by 18.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,678 shares of the company’s stock valued at $68,000 after buying an additional 420 shares in the last quarter. Finally, Western Wealth Management LLC purchased a new position in FT Vest Gold Strategy Target Income ETF in the 1st quarter valued at approximately $76,000.

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.