FT Vest Gold Strategy Target Income ETF (BATS:IGLD) Sees Large Increase in Short Interest

FT Vest Gold Strategy Target Income ETF (BATS:IGLD – Get Free Report) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 303,229 shares, a growth of 145.7% from the August 31st total of 123,400 shares. Currently, 2.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 437,653 shares, the short-interest ratio is presently 0.7 days.

FT Vest Gold Strategy Target Income ETF Stock Up 0.3%

BATS IGLD opened at $20.91 on Friday. FT Vest Gold Strategy Target Income ETF has a 52-week low of $20.22 and a 52-week high of $30.42. The company has a fifty day moving average of $21.41 and a 200-day moving average of $22.97.

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

Institutional investors have recently modified their holdings of the company. Torren Management LLC purchased a new position in shares of FT Vest Gold Strategy Target Income ETF during the 1st quarter valued at about $51,000. Geneos Wealth Management Inc. lifted its holdings in shares of FT Vest Gold Strategy Target Income ETF by 18.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,678 shares of the company’s stock worth $68,000 after acquiring an additional 420 shares during the last quarter. Western Wealth Management LLC purchased a new stake in shares of FT Vest Gold Strategy Target Income ETF in the 1st quarter valued at $76,000. Smallwood Wealth Investment Management LLC bought a new position in shares of FT Vest Gold Strategy Target Income ETF during the 2nd quarter valued at $116,000. Finally, HB Wealth Management LLC purchased a new position in FT Vest Gold Strategy Target Income ETF in the 1st quarter worth $205,000.

FT Vest Gold Strategy Target Income ETF Company Profile

(Get Free Report)

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.

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