Short Interest in FT Vest Gold Strategy Target Income ETF (BATS:IGLD) Declines By 74.2%

FT Vest Gold Strategy Target Income ETF (BATS:IGLD) was the target of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 65,321 shares, a drop of 74.2% from the July 30th total of 252,814 shares. Based on an average trading volume of 289,695 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.6% of the company’s shares are sold short.

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

Several institutional investors and hedge funds have recently made changes to their positions in IGLD. Northwestern Mutual Wealth Management Co. bought a new stake in shares of FT Vest Gold Strategy Target Income ETF in the 2nd quarter valued at $37,000. Torren Management LLC bought a new position in FT Vest Gold Strategy Target Income ETF during the first quarter worth about $51,000. Triumph Capital Management lifted its holdings in FT Vest Gold Strategy Target Income ETF by 574.3% during the fourth 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. grew its stake in FT Vest Gold Strategy Target Income ETF by 20.8% in the first quarter. Geneos Wealth Management Inc. now owns 2,823 shares of the company’s stock valued at $59,000 after acquiring an additional 486 shares during the period. Finally, Western Wealth Management LLC acquired a new position in FT Vest Gold Strategy Target Income ETF in the first quarter valued at about $76,000.

FT Vest Gold Strategy Target Income ETF Stock Up 0.0%

BATS IGLD traded up $0.01 during trading on Thursday, reaching $22.54. 110,421 shares of the stock traded hands, compared to its average volume of 315,562. FT Vest Gold Strategy Target Income ETF has a fifty-two week low of $20.22 and a fifty-two week high of $30.42. The stock’s 50-day moving average price is $21.32 and its 200 day moving average price is $23.98.

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.