First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) Short Interest Down 49.7% in December

First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totaling 9,985 shares, a decrease of 49.7% from the December 15th total of 19,870 shares. Based on an average daily trading volume, of 16,451 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 16,451 shares, the days-to-cover ratio is presently 0.6 days.

First Trust Intermediate Government Opportunities ETF Stock Performance

Shares of MGOV stock traded down $0.02 on Thursday, hitting $20.60. The stock had a trading volume of 13,666 shares, compared to its average volume of 48,317. First Trust Intermediate Government Opportunities ETF has a one year low of $19.56 and a one year high of $20.76. The business has a 50 day moving average price of $20.54 and a 200 day moving average price of $20.41.

First Trust Intermediate Government Opportunities ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 21st were given a $0.085 dividend. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend was Friday, November 21st.

Hedge Funds Weigh In On First Trust Intermediate Government Opportunities ETF

Institutional investors have recently bought and sold shares of the business. Ameritas Advisory Services LLC purchased a new position in First Trust Intermediate Government Opportunities ETF during the 2nd quarter worth approximately $75,000. Osaic Holdings Inc. raised its stake in First Trust Intermediate Government Opportunities ETF by 37.4% during the second quarter. Osaic Holdings Inc. now owns 7,788 shares of the company’s stock worth $157,000 after purchasing an additional 2,119 shares during the period. AE Wealth Management LLC acquired a new position in First Trust Intermediate Government Opportunities ETF in the 3rd quarter valued at about $479,000. Citadel Advisors LLC increased its stake in First Trust Intermediate Government Opportunities ETF by 7.9% during the third 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, Prospera Financial Services Inc acquired a new position in shares of First Trust Intermediate Government Opportunities ETF in the 3rd quarter worth approximately $743,000.

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.