First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) Shares Shorted: Short Interest Down 68.2% in October

First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) saw a significant decline in short interest in October. As of October 15th, there was short interest totaling 8,301 shares, a decline of 68.2% from the September 30th total of 26,071 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 238,933 shares, the short-interest ratio is currently 0.0 days.

First Trust Long Duration Opportunities ETF Stock Up 0.8%

First Trust Long Duration Opportunities ETF stock traded up $0.17 during midday trading on Friday, reaching $20.48. 505,205 shares of the stock traded hands, compared to its average volume of 200,786. The stock’s fifty day moving average is $20.27 and its 200-day moving average is $21.22. First Trust Long Duration Opportunities ETF has a 12 month low of $19.40 and a 12 month high of $23.59. The stock has a market cap of $614.40 million, a P/E ratio of -10,745.02 and a beta of 0.35.

Institutional Trading of First Trust Long Duration Opportunities ETF

Several hedge funds have recently modified their holdings of LGOV. Signature Equity Partners LLC raised its holdings in First Trust Long Duration Opportunities ETF by 2,564.6% during the 3rd quarter. Signature Equity Partners LLC now owns 2,638 shares of the company’s stock valued at $52,000 after buying an additional 2,539 shares during the period. One Way Holdings LLC boosted its stake in First Trust Long Duration Opportunities ETF by 5.9% during the third quarter. One Way Holdings LLC now owns 1,203,796 shares of the company’s stock worth $23,583,000 after buying an additional 67,600 shares during the period. MGO One Seven LLC boosted its stake in First Trust Long Duration Opportunities ETF by 44.1% during the third quarter. MGO One Seven LLC now owns 150,936 shares of the company’s stock worth $2,957,000 after buying an additional 46,219 shares during the period. Park Avenue Securities LLC purchased a new position in First Trust Long Duration Opportunities ETF during the third quarter worth $737,000. Finally, Arvest Investments Inc. bought a new position in First Trust Long Duration Opportunities ETF during the third quarter valued at $1,022,000. 0.03% of the stock is owned by hedge funds and other institutional investors.

First Trust Long Duration Opportunities ETF Company Profile

The First Trust Long Duration Opportunities ETF (LGOV) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund holds an actively managed portfolio of US government bonds with an average duration of eight or more years. The fund seeks current income with a focus on capital preservation. LGOV was launched on Jan 22, 2019 and is managed by First Trust.