First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) Shares Shorted: Short Interest Down 92.3% in September

First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) saw a significant drop in short interest in September. As of September 30th, there was short interest totaling 4,822 shares, a drop of 92.3% from the September 15th total of 62,846 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 32,255 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of First Trust Intermediate Government Opportunities ETF

A number of hedge funds have recently added to or reduced their stakes in MGOV. Kestra Advisory Services LLC acquired a new stake in shares of First Trust Intermediate Government Opportunities ETF in the first quarter valued at approximately $205,000. Integrated Wealth Concepts LLC boosted its stake in First Trust Intermediate Government Opportunities ETF by 11.7% during the second quarter. Integrated Wealth Concepts LLC now owns 112,197 shares of the company’s stock worth $2,265,000 after buying an additional 11,768 shares during the last quarter. Cetera Investment Advisers grew its holdings in First Trust Intermediate Government Opportunities ETF by 8.5% in the 1st quarter. Cetera Investment Advisers now owns 206,115 shares of the company’s stock valued at $4,179,000 after buying an additional 16,158 shares in the last quarter. NewEdge Advisors LLC grew its holdings in First Trust Intermediate Government Opportunities ETF by 94.3% in the 1st quarter. NewEdge Advisors LLC now owns 43,860 shares of the company’s stock valued at $889,000 after buying an additional 21,288 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new stake in shares of First Trust Intermediate Government Opportunities ETF in the 2nd quarter worth $868,000.

First Trust Intermediate Government Opportunities ETF Trading Up 0.1%

First Trust Intermediate Government Opportunities ETF stock traded up $0.02 during mid-day trading on Friday, hitting $19.13. The company had a trading volume of 56,520 shares, compared to its average volume of 33,694. First Trust Intermediate Government Opportunities ETF has a 12-month low of $18.94 and a 12-month high of $20.95. The company’s fifty day moving average is $19.63 and its 200-day moving average is $19.98.

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.