FT Vest Gold Strategy Target Income ETF (BATS:IGLD) Short Interest Down 39.9% in June

FT Vest Gold Strategy Target Income ETF (BATS:IGLD) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 79,281 shares, a decline of 39.9% from the June 15th total of 131,943 shares. Based on an average daily trading volume, of 454,907 shares, the short-interest ratio is currently 0.2 days. Approximately 0.7% of the company’s shares are sold short.

Hedge Funds Weigh In On FT Vest Gold Strategy Target Income ETF

A number of hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. acquired a new position in FT Vest Gold Strategy Target Income ETF in the second quarter valued at $37,000. Torren Management LLC acquired a new stake in FT Vest Gold Strategy Target Income ETF during the 1st quarter worth about $51,000. Triumph Capital Management raised its position in shares of FT Vest Gold Strategy Target Income ETF by 574.3% in the 4th quarter. Triumph Capital Management now owns 2,023 shares of the company’s stock worth $51,000 after acquiring an additional 1,723 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of FT Vest Gold Strategy Target Income ETF by 20.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,823 shares of the company’s stock worth $59,000 after acquiring an additional 486 shares in the last quarter. Finally, Western Wealth Management LLC acquired a new position in shares of FT Vest Gold Strategy Target Income ETF in the 1st quarter valued at about $76,000.

FT Vest Gold Strategy Target Income ETF Trading Down 0.2%

Shares of IGLD stock opened at $20.79 on Thursday. FT Vest Gold Strategy Target Income ETF has a one year low of $20.46 and a one year high of $30.42. The business’s 50 day simple moving average is $22.57 and its 200 day simple moving average is $25.08.

About FT Vest Gold Strategy Target Income ETF

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.