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

First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 3,413 shares, a growth of 128.4% from the July 30th total of 1,494 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 11,173 shares, the short-interest ratio is currently 0.3 days.

First Trust Intermediate Government Opportunities ETF Stock Down 0.3%

Shares of First Trust Intermediate Government Opportunities ETF stock traded down $0.06 on Friday, hitting $19.89. 16,840 shares of the company’s stock traded hands, compared to its average volume of 34,435. First Trust Intermediate Government Opportunities ETF has a one year low of $19.72 and a one year high of $20.95. The company has a fifty day moving average of $19.99 and a two-hundred day moving average of $20.23.

Institutional Trading of First Trust Intermediate Government Opportunities ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. First Trust Advisors LP grew its holdings in First Trust Intermediate Government Opportunities ETF by 71.9% during the second quarter. First Trust Advisors LP now owns 186,456 shares of the company’s stock worth $3,757,000 after buying an additional 78,011 shares in the last quarter. Jane Street Group LLC bought a new position in First Trust Intermediate Government Opportunities ETF during the 2nd quarter valued at $1,697,000. Osaic Holdings Inc. boosted its holdings in First Trust Intermediate Government Opportunities ETF by 37.4% during the 2nd quarter. Osaic Holdings Inc. now owns 7,788 shares of the company’s stock worth $157,000 after acquiring an additional 2,119 shares during the last quarter. Citadel Advisors LLC boosted its holdings in First Trust Intermediate Government Opportunities ETF by 7.9% during the 3rd quarter. Citadel Advisors LLC now owns 26,581 shares of the company’s stock worth $544,000 after acquiring an additional 1,939 shares during the last quarter. Finally, Integrated Wealth Concepts LLC grew its stake in shares of First Trust Intermediate Government Opportunities ETF by 1.1% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 85,489 shares of the company’s stock worth $1,750,000 after acquiring an additional 963 shares in the last quarter.

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.