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

First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOVGet Free Report) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totaling 13,971 shares, an increase of 39.9% from the December 31st total of 9,985 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 48,372 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 48,372 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.3% of the shares of the stock are short sold.

First Trust Intermediate Government Opportunities ETF Trading Down 0.1%

First Trust Intermediate Government Opportunities ETF stock traded down $0.02 during trading hours on Friday, reaching $20.50. 10,078 shares of the stock were exchanged, compared to its average volume of 39,964. First Trust Intermediate Government Opportunities ETF has a twelve month low of $19.56 and a twelve month high of $20.76. The stock has a 50 day moving average of $20.52 and a two-hundred day moving average of $20.45.

First Trust Intermediate Government Opportunities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, January 21st were paid a $0.085 dividend. This represents a c) dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend was Wednesday, January 21st.

Institutional Investors Weigh In On First Trust Intermediate Government Opportunities ETF

A number of large investors have recently modified their holdings of MGOV. Truist Financial Corp raised its holdings in shares of First Trust Intermediate Government Opportunities ETF by 15.3% during the 2nd quarter. Truist Financial Corp now owns 192,640 shares of the company’s stock worth $3,882,000 after buying an additional 25,597 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in First Trust Intermediate Government Opportunities ETF in the second quarter valued at about $75,000. Harbour Investments Inc. grew its position in First Trust Intermediate Government Opportunities ETF by 10.2% in the second quarter. Harbour Investments Inc. now owns 80,339 shares of the company’s stock valued at $1,619,000 after acquiring an additional 7,425 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in First Trust Intermediate Government Opportunities ETF by 18.6% during the second quarter. Envestnet Asset Management Inc. now owns 198,905 shares of the company’s stock worth $4,008,000 after acquiring an additional 31,252 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of First Trust Intermediate Government Opportunities ETF by 71.9% in the second quarter. First Trust Advisors LP now owns 186,456 shares of the company’s stock worth $3,757,000 after acquiring an additional 78,011 shares during the last quarter.

About First Trust Intermediate Government Opportunities ETF

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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.

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