First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) Sees Large Decline in Short Interest

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

Institutional Trading of First Trust Intermediate Government Opportunities ETF

Large investors have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC grew its position in First Trust Intermediate Government Opportunities ETF by 1.1% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 85,489 shares of the company’s stock valued at $1,750,000 after purchasing an additional 963 shares during the last quarter. Citadel Advisors LLC grew its holdings in shares of 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 valued at $544,000 after buying an additional 1,939 shares during the last quarter. Osaic Holdings Inc. increased its position in shares of 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 valued at $157,000 after acquiring an additional 2,119 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in First Trust Intermediate Government Opportunities ETF in the 2nd quarter worth approximately $75,000. Finally, Harbour Investments Inc. lifted its position in First Trust Intermediate Government Opportunities ETF by 10.2% in the 2nd quarter. Harbour Investments Inc. now owns 80,339 shares of the company’s stock valued at $1,619,000 after acquiring an additional 7,425 shares in the last quarter.

First Trust Intermediate Government Opportunities ETF Trading Down 0.1%

Shares of MGOV stock traded down $0.02 during trading hours on Thursday, hitting $20.60. 13,666 shares of the company’s stock were exchanged, compared to its average volume of 48,317. First Trust Intermediate Government Opportunities ETF has a 12-month low of $19.56 and a 12-month high of $20.76. The business’s 50 day simple moving average is $20.54 and its 200-day simple moving average is $20.41.

First Trust Intermediate Government Opportunities ETF Announces Dividend

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

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.