First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) Shares Shorted: Short Interest Down 92.3% in September

First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 4,822 shares, a decline of 92.3% from the September 15th total of 62,846 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 32,255 shares, the short-interest ratio is presently 0.1 days.

First Trust Intermediate Government Opportunities ETF Trading Up 0.1%

MGOV stock traded up $0.02 during trading on Friday, hitting $19.13. The company had a trading volume of 56,520 shares, compared to its average volume of 33,694. The company has a 50 day simple moving average of $19.63 and a 200-day simple moving average of $19.98. First Trust Intermediate Government Opportunities ETF has a 52-week low of $18.94 and a 52-week high of $20.95.

Institutional Investors Weigh In On First Trust Intermediate Government Opportunities ETF

Several institutional investors have recently bought and sold shares of MGOV. Envestnet Asset Management Inc. lifted its stake in First Trust Intermediate Government Opportunities ETF by 32.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,004,072 shares of the company’s stock worth $20,271,000 after acquiring an additional 245,936 shares in the last quarter. Stephens Inc. AR purchased a new stake in First Trust Intermediate Government Opportunities ETF during the first quarter worth about $7,487,000. First Trust Advisors LP increased its stake in First Trust Intermediate Government Opportunities ETF by 37.6% during the first quarter. First Trust Advisors LP now owns 249,647 shares of the company’s stock worth $5,062,000 after purchasing an additional 68,232 shares during the period. Cetera Investment Advisers lifted its position in shares of First Trust Intermediate Government Opportunities ETF by 8.5% during the first quarter. Cetera Investment Advisers now owns 206,115 shares of the company’s stock worth $4,179,000 after purchasing an additional 16,158 shares in the last quarter. Finally, Integrated Wealth Concepts LLC lifted its position in shares of First Trust Intermediate Government Opportunities ETF by 11.7% during the second quarter. Integrated Wealth Concepts LLC now owns 112,197 shares of the company’s stock worth $2,265,000 after purchasing an additional 11,768 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.