First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) Sees Significant Decline in Short Interest

First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) was the target of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 9,985 shares, a decrease of 49.7% from the December 15th total of 19,870 shares. Based on an average trading volume of 16,451 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 16,451 shares, the days-to-cover ratio is currently 0.6 days.

First Trust Intermediate Government Opportunities ETF Price Performance

MGOV stock traded down $0.05 during mid-day trading on Friday, reaching $20.55. The company had a trading volume of 127,760 shares, compared to its average volume of 55,533. The firm has a fifty day simple moving average of $20.54 and a 200 day simple moving average of $20.41. First Trust Intermediate Government Opportunities ETF has a fifty-two week low of $19.56 and a fifty-two week high of $20.76.

First Trust Intermediate Government Opportunities ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 21st were issued a $0.085 dividend. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Friday, November 21st.

Institutional Trading of First Trust Intermediate Government Opportunities ETF

A number of institutional investors have recently bought and sold shares of MGOV. Ameritas Advisory Services LLC acquired a new position in shares of First Trust Intermediate Government Opportunities ETF during the 2nd quarter worth about $75,000. Osaic Holdings Inc. lifted its stake in First Trust Intermediate Government Opportunities ETF by 37.4% during the second quarter. Osaic Holdings Inc. now owns 7,788 shares of the company’s stock worth $157,000 after purchasing an additional 2,119 shares during the last quarter. AE Wealth Management LLC acquired a new position in First Trust Intermediate Government Opportunities ETF in the third quarter valued at approximately $479,000. Citadel Advisors LLC boosted its holdings in First Trust Intermediate Government Opportunities ETF by 7.9% in the third quarter. Citadel Advisors LLC now owns 26,581 shares of the company’s stock valued at $544,000 after purchasing an additional 1,939 shares in the last quarter. Finally, Prospera Financial Services Inc purchased a new position in First Trust Intermediate Government Opportunities ETF in the third quarter valued at approximately $743,000.

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.