First Trust Enhanced Stocks, Bonds & Gold ETF (NYSEARCA:ESBG) Sees Significant Drop in Short Interest

First Trust Enhanced Stocks, Bonds & Gold ETF (NYSEARCA:ESBG) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totaling 504 shares, a drop of 63.3% from the September 15th total of 1,373 shares. Based on an average trading volume of 341 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.5% of the shares of the stock are short sold.

First Trust Enhanced Stocks, Bonds & Gold ETF Stock Performance

ESBG traded down $0.04 during midday trading on Tuesday, reaching $20.77. 6 shares of the company’s stock were exchanged, compared to its average volume of 1,135. The business’s 50-day moving average price is $21.53 and its 200 day moving average price is $21.51. First Trust Enhanced Stocks, Bonds & Gold ETF has a 1-year low of $19.86 and a 1-year high of $27.03.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in First Trust Enhanced Stocks, Bonds & Gold ETF stock. HBW Advisory Services LLC lifted its holdings in shares of First Trust Enhanced Stocks, Bonds & Gold ETF (NYSEARCA:ESBG) by 82.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,096 shares of the company’s stock after purchasing an additional 8,631 shares during the period. HBW Advisory Services LLC owned about 19.10% of First Trust Enhanced Stocks, Bonds & Gold ETF worth $405,000 as of its most recent SEC filing.