First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV – Get Free Report) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 7,282 shares, an increase of 67.8% from the June 30th total of 4,339 shares. Based on an average trading volume of 38,489 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.
First Trust Intermediate Government Opportunities ETF Price Performance
Shares of MGOV stock opened at $19.85 on Friday. The business’s 50-day moving average price is $20.09 and its 200-day moving average price is $20.32. First Trust Intermediate Government Opportunities ETF has a 12 month low of $19.76 and a 12 month high of $20.95.
Hedge Funds Weigh In On First Trust Intermediate Government Opportunities ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Kingsview Wealth Management LLC lifted its position in shares of First Trust Intermediate Government Opportunities ETF by 42.7% in the 4th quarter. Kingsview Wealth Management LLC now owns 431,624 shares of the company’s stock worth $8,838,000 after purchasing an additional 129,188 shares during the period. Harbour Investments Inc. increased its position in First Trust Intermediate Government Opportunities ETF by 20.5% in the 4th quarter. Harbour Investments Inc. now owns 154,185 shares of the company’s stock valued at $3,157,000 after buying an additional 26,234 shares in the last quarter. Silver Oak Securities Incorporated bought a new stake in shares of First Trust Intermediate Government Opportunities ETF during the first quarter valued at approximately $2,156,000. Iams Wealth Management LLC bought a new stake in First Trust Intermediate Government Opportunities ETF during the 4th quarter valued at $1,019,000. Finally, Stephens Inc. AR bought a new stake in First Trust Intermediate Government Opportunities ETF during the 1st quarter valued at $7,487,000.
About First Trust Intermediate Government Opportunities ETF
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.
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