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

First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) was the recipient of a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 15,782 shares, a drop of 39.9% from the January 29th total of 26,258 shares. Based on an average trading volume of 30,888 shares, the short-interest ratio is currently 0.5 days. Approximately 0.4% of the shares of the stock are sold short. Approximately 0.4% of the shares of the stock are sold short. Based on an average trading volume of 30,888 shares, the short-interest ratio is currently 0.5 days.

Institutional Trading of First Trust Intermediate Government Opportunities ETF

Several large investors have recently made changes to their positions in the company. Truist Financial Corp raised its position in First Trust Intermediate Government Opportunities ETF by 246.0% during the fourth quarter. Truist Financial Corp now owns 715,577 shares of the company’s stock valued at $14,651,000 after purchasing an additional 508,778 shares in the last quarter. EWG Elevate Inc. bought a new position in shares of First Trust Intermediate Government Opportunities ETF in the 3rd quarter valued at $5,468,000. Cetera Investment Advisers raised its holdings 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 in the last quarter. HighTower Advisors LLC acquired a new position in shares of First Trust Intermediate Government Opportunities ETF during the 3rd quarter worth $2,730,000. Finally, Kingsview Wealth Management LLC lifted its position in shares of First Trust Intermediate Government Opportunities ETF by 42.7% during the 4th quarter. Kingsview Wealth Management LLC now owns 431,624 shares of the company’s stock worth $8,838,000 after buying an additional 129,188 shares during the last quarter.

First Trust Intermediate Government Opportunities ETF Trading Up 0.4%

NYSEARCA:MGOV opened at $20.84 on Friday. First Trust Intermediate Government Opportunities ETF has a fifty-two week low of $19.56 and a fifty-two week high of $20.95. The stock has a fifty day moving average price of $20.57 and a 200-day moving average price of $20.53.

First Trust Intermediate Government Opportunities ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were issued a $0.085 dividend. This represents a c) annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Friday, February 20th.

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.