FT Vest Gold Strategy Target Income ETF (BATS:IGLD) Short Interest Update

FT Vest Gold Strategy Target Income ETF (BATS:IGLD) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 123,400 shares, an increase of 88.9% from the August 15th total of 65,321 shares. Currently, 1.1% of the company’s stock are short sold. Based on an average daily volume of 438,887 shares, the days-to-cover ratio is presently 0.3 days.

FT Vest Gold Strategy Target Income ETF Trading Down 0.5%

BATS:IGLD opened at $20.83 on Thursday. FT Vest Gold Strategy Target Income ETF has a fifty-two week low of $20.22 and a fifty-two week high of $30.42. The business’s 50-day simple moving average is $21.36 and its 200-day simple moving average is $23.28.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Bullseye Investment Management LLC acquired a new position in shares of FT Vest Gold Strategy Target Income ETF during the second quarter worth about $4,627,000. Independent Financial Group LLC acquired a new stake in FT Vest Gold Strategy Target Income ETF in the 1st quarter valued at approximately $3,445,000. Integrated Wealth Concepts LLC raised its position in FT Vest Gold Strategy Target Income ETF by 96.3% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 218,594 shares of the company’s stock valued at $4,604,000 after buying an additional 107,221 shares during the last quarter. Cetera Investment Advisers lifted its stake in FT Vest Gold Strategy Target Income ETF by 19.9% in the 1st quarter. Cetera Investment Advisers now owns 552,819 shares of the company’s stock valued at $14,113,000 after acquiring an additional 91,731 shares in the last quarter. Finally, Asset One Wealth Management LLC bought a new stake in FT Vest Gold Strategy Target Income ETF in the 4th quarter valued at approximately $2,340,000.

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.