First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) Shares Shorted: Short Interest Up 488.1% in September

First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 62,846 shares, a growth of 488.1% from the August 31st total of 10,687 shares. Based on an average daily trading volume, of 15,606 shares, the short-interest ratio is currently 4.0 days. Approximately 1.2% of the company’s shares are sold short.

Institutional Investors Weigh In On First Trust Intermediate Government Opportunities ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. HighTower Advisors LLC boosted its holdings in shares of First Trust Intermediate Government Opportunities ETF by 0.5% in the 4th quarter. HighTower Advisors LLC now owns 133,946 shares of the company’s stock worth $2,743,000 after buying an additional 603 shares during the last quarter. Prospera Financial Services Inc lifted its position in shares of First Trust Intermediate Government Opportunities ETF by 10.0% during the fourth quarter. Prospera Financial Services Inc now owns 39,937 shares of the company’s stock worth $818,000 after acquiring an additional 3,639 shares in the last quarter. Kestra Advisory Services LLC bought a new position in First Trust Intermediate Government Opportunities ETF in the 1st quarter worth about $205,000. Integrated Wealth Concepts LLC boosted its position in shares of First Trust Intermediate Government Opportunities ETF by 11.7% in the second quarter. Integrated Wealth Concepts LLC now owns 112,197 shares of the company’s stock valued at $2,265,000 after acquiring an additional 11,768 shares during the period. Finally, Cetera Investment Advisers grew its position in shares of First Trust Intermediate Government Opportunities ETF by 8.5% during the 1st quarter. Cetera Investment Advisers now owns 206,115 shares of the company’s stock valued at $4,179,000 after purchasing an additional 16,158 shares in the last quarter.

First Trust Intermediate Government Opportunities ETF Trading Up 0.3%

NYSEARCA:MGOV opened at $19.27 on Friday. First Trust Intermediate Government Opportunities ETF has a twelve month low of $19.18 and a twelve month high of $20.95. The company has a fifty day moving average of $19.79 and a 200-day moving average of $20.08.

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.