First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) Short Interest Down 94.9% in August

First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 2,224 shares, a decline of 94.9% from the July 30th total of 43,373 shares. Based on an average daily trading volume, of 187,957 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On First Trust Long Duration Opportunities ETF

A number of large investors have recently made changes to their positions in the business. Raleigh Capital Management Inc. grew its position in First Trust Long Duration Opportunities ETF by 31.6% during the first quarter. Raleigh Capital Management Inc. now owns 1,931 shares of the company’s stock valued at $42,000 after purchasing an additional 464 shares in the last quarter. Principal Securities Inc. increased its stake in shares of First Trust Long Duration Opportunities ETF by 2.9% in the fourth quarter. Principal Securities Inc. now owns 16,548 shares of the company’s stock worth $361,000 after acquiring an additional 466 shares during the last quarter. Larson Financial Group LLC raised its holdings in shares of First Trust Long Duration Opportunities ETF by 21.3% during the third quarter. Larson Financial Group LLC now owns 2,669 shares of the company’s stock worth $58,000 after acquiring an additional 469 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of First Trust Long Duration Opportunities ETF by 2.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 26,800 shares of the company’s stock worth $585,000 after acquiring an additional 522 shares in the last quarter. Finally, Balefire LLC raised its holdings in shares of First Trust Long Duration Opportunities ETF by 3.6% during the first quarter. Balefire LLC now owns 18,088 shares of the company’s stock worth $390,000 after acquiring an additional 633 shares in the last quarter. Institutional investors and hedge funds own 0.03% of the company’s stock.

First Trust Long Duration Opportunities ETF Stock Performance

NYSEARCA:LGOV traded up $0.14 during trading hours on Tuesday, hitting $21.04. 136,179 shares of the company’s stock traded hands, compared to its average volume of 194,694. The firm has a market cap of $622.78 million, a P/E ratio of -11,038.82 and a beta of 0.34. First Trust Long Duration Opportunities ETF has a twelve month low of $20.45 and a twelve month high of $23.59. The stock’s fifty day moving average price is $21.15 and its two-hundred day moving average price is $21.49.

First Trust Long Duration Opportunities ETF Company Profile

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.