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

FT Vest Gold Strategy Target Income ETF (BATS:IGLD) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totaling 164,921 shares, an increase of 125.0% from the April 15th total of 73,283 shares. Based on an average daily volume of 274,021 shares, the days-to-cover ratio is currently 0.6 days. Approximately 1.4% of the shares of the company are short sold.

FT Vest Gold Strategy Target Income ETF Stock Performance

Shares of BATS IGLD opened at $24.08 on Friday. FT Vest Gold Strategy Target Income ETF has a fifty-two week low of $20.86 and a fifty-two week high of $30.42. The firm’s 50-day simple moving average is $25.46 and its 200 day simple moving average is $25.92.

Institutional Investors Weigh In On FT Vest Gold Strategy Target Income ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. raised its stake in shares of FT Vest Gold Strategy Target Income ETF by 18.6% during the first quarter. Geneos Wealth Management Inc. now owns 2,678 shares of the company’s stock valued at $68,000 after purchasing an additional 420 shares in the last quarter. Cambridge Advisors Inc. raised its stake in shares of FT Vest Gold Strategy Target Income ETF by 2.6% during the fourth quarter. Cambridge Advisors Inc. now owns 16,982 shares of the company’s stock valued at $425,000 after purchasing an additional 424 shares in the last quarter. Balboa Wealth Partners raised its stake in shares of FT Vest Gold Strategy Target Income ETF by 3.4% during the third quarter. Balboa Wealth Partners now owns 14,957 shares of the company’s stock valued at $358,000 after purchasing an additional 494 shares in the last quarter. Merit Financial Group LLC raised its stake in shares of FT Vest Gold Strategy Target Income ETF by 5.5% during the fourth quarter. Merit Financial Group LLC now owns 9,940 shares of the company’s stock valued at $249,000 after purchasing an additional 520 shares in the last quarter. Finally, Advisory Services Network LLC raised its stake in shares of FT Vest Gold Strategy Target Income ETF by 6.7% during the third quarter. Advisory Services Network LLC now owns 10,831 shares of the company’s stock valued at $259,000 after purchasing an additional 679 shares in the last quarter.

FT Vest Gold Strategy Target Income ETF Company Profile

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.