FT Vest Gold Strategy Target Income ETF (BATS:IGLD) Sees Large Decrease in Short Interest

FT Vest Gold Strategy Target Income ETF (BATS:IGLD) was the target of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 79,281 shares, a decrease of 39.9% from the June 15th total of 131,943 shares. Based on an average trading volume of 454,907 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.7% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of IGLD. Independent Financial Group LLC bought a new stake in shares of FT Vest Gold Strategy Target Income ETF during the first quarter worth approximately $3,445,000. Wealth Enhancement Advisory Services LLC boosted its stake in FT Vest Gold Strategy Target Income ETF by 33.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 204,404 shares of the company’s stock valued at $5,265,000 after acquiring an additional 50,720 shares during the last quarter. Benjamin Edwards Inc. grew its holdings in FT Vest Gold Strategy Target Income ETF by 494.9% during the 4th quarter. Benjamin Edwards Inc. now owns 93,972 shares of the company’s stock worth $2,350,000 after acquiring an additional 78,176 shares during the period. XML Financial LLC grew its holdings in FT Vest Gold Strategy Target Income ETF by 8.7% during the 1st quarter. XML Financial LLC now owns 308,983 shares of the company’s stock worth $7,888,000 after acquiring an additional 24,819 shares during the period. Finally, SHP Wealth Management bought a new stake in shares of FT Vest Gold Strategy Target Income ETF during the 4th quarter valued at $1,993,000.

FT Vest Gold Strategy Target Income ETF Price Performance

FT Vest Gold Strategy Target Income ETF stock traded up $0.12 during mid-day trading on Friday, hitting $20.60. The stock had a trading volume of 125,044 shares, compared to its average volume of 317,437. The stock has a 50-day simple moving average of $22.40 and a two-hundred day simple moving average of $25.00. FT Vest Gold Strategy Target Income ETF has a 12 month low of $20.35 and a 12 month high of $30.42.

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.