Short Interest in First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) Increases By 110.5%

First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 7,444 shares, a growth of 110.5% from the May 14th total of 3,536 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 29,886 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of First Trust Intermediate Government Opportunities ETF

A number of institutional investors have recently bought and sold shares of the stock. HighTower Advisors LLC boosted its stake in 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 purchasing an additional 603 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in First Trust Intermediate Government Opportunities ETF by 1.1% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 85,489 shares of the company’s stock worth $1,750,000 after purchasing an additional 963 shares in the last quarter. Narwhal Capital Management boosted its stake in First Trust Intermediate Government Opportunities ETF by 3.5% in the 4th quarter. Narwhal Capital Management now owns 42,453 shares of the company’s stock worth $869,000 after purchasing an additional 1,417 shares in the last quarter. Citadel Advisors LLC boosted its stake in First Trust Intermediate Government Opportunities ETF by 7.9% in the 3rd quarter. Citadel Advisors LLC now owns 26,581 shares of the company’s stock worth $544,000 after purchasing an additional 1,939 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its stake in First Trust Intermediate Government Opportunities ETF by 37.4% in the 2nd quarter. Osaic Holdings Inc. now owns 7,788 shares of the company’s stock worth $157,000 after purchasing an additional 2,119 shares in the last quarter.

First Trust Intermediate Government Opportunities ETF Stock Performance

NYSEARCA MGOV traded down $0.06 during trading hours on Friday, hitting $20.15. 40,844 shares of the company’s stock traded hands, compared to its average volume of 41,016. The business’s fifty day moving average price is $20.21 and its two-hundred day moving average price is $20.42. First Trust Intermediate Government Opportunities ETF has a 52 week low of $19.78 and a 52 week high of $20.95.

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.