Short Interest in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) Declines By 85.7%

First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) saw a significant decrease in short interest in June. As of June 15th, there was short interest totaling 9,361 shares, a decrease of 85.7% from the May 31st total of 65,523 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 189,254 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LGOV. Jane Street Group LLC increased its stake in First Trust Long Duration Opportunities ETF by 379.7% during the first quarter. Jane Street Group LLC now owns 95,945 shares of the company’s stock worth $2,063,000 after acquiring an additional 75,942 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of First Trust Long Duration Opportunities ETF by 0.5% in the 2nd quarter. NewEdge Advisors LLC now owns 237,046 shares of the company’s stock valued at $5,078,000 after purchasing an additional 1,217 shares during the last quarter. Raymond James Financial Inc. lifted its stake in shares of First Trust Long Duration Opportunities ETF by 36.5% in the 2nd quarter. Raymond James Financial Inc. now owns 1,708,012 shares of the company’s stock valued at $36,586,000 after purchasing an additional 456,623 shares during the last quarter. FSB Premier Wealth Management Inc. boosted its holdings in shares of First Trust Long Duration Opportunities ETF by 11.7% in the 2nd quarter. FSB Premier Wealth Management Inc. now owns 121,758 shares of the company’s stock worth $2,608,000 after purchasing an additional 12,711 shares during the period. Finally, Asset Allocation Strategies LLC purchased a new position in shares of First Trust Long Duration Opportunities ETF in the 2nd quarter worth approximately $240,000. Institutional investors own 0.03% of the company’s stock.

First Trust Long Duration Opportunities ETF Stock Performance

LGOV stock traded up $0.04 during trading on Friday, hitting $21.58. 264,871 shares of the company’s stock traded hands, compared to its average volume of 195,220. First Trust Long Duration Opportunities ETF has a 52 week low of $20.45 and a 52 week high of $23.59. The stock has a market capitalization of $666.82 million, a price-to-earnings ratio of -11,322.14 and a beta of 0.34. The business has a fifty day simple moving average of $21.45 and a 200 day simple moving average of $21.72.

First Trust Long Duration Opportunities ETF Company Profile

The First Trust Long Duration Opportunities ETF (LGOV) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund holds an actively managed portfolio of US government bonds with an average duration of eight or more years. The fund seeks current income with a focus on capital preservation. LGOV was launched on Jan 22, 2019 and is managed by First Trust.