First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) Short Interest Down 40.8% in March

First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) was the recipient of a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 9,521 shares, a decrease of 40.8% from the February 26th total of 16,072 shares. Based on an average trading volume of 92,241 shares, the short-interest ratio is presently 0.1 days. Approximately 0.2% of the shares of the company are short sold.

First Trust Intermediate Government Opportunities ETF Trading Down 0.0%

Shares of NYSEARCA:MGOV traded down $0.01 during mid-day trading on Friday, reaching $20.12. The company had a trading volume of 4,806 shares, compared to its average volume of 45,568. First Trust Intermediate Government Opportunities ETF has a one year low of $19.56 and a one year high of $20.95. The company’s 50-day moving average price is $20.57 and its 200-day moving average price is $20.56.

First Trust Intermediate Government Opportunities ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were paid a $0.085 dividend. The ex-dividend date was Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 5.1%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MGOV. HighTower Advisors LLC raised its stake in First Trust Intermediate Government Opportunities ETF by 0.5% in the 4th quarter. HighTower Advisors LLC now owns 133,946 shares of the company’s stock valued at $2,743,000 after acquiring an additional 603 shares during the period. Integrated Wealth Concepts LLC boosted its position in First Trust Intermediate Government Opportunities ETF by 1.1% during the third quarter. Integrated Wealth Concepts LLC now owns 85,489 shares of the company’s stock worth $1,750,000 after purchasing an additional 963 shares during the period. Narwhal Capital Management increased its stake in shares of First Trust Intermediate Government Opportunities ETF by 3.5% in the fourth quarter. Narwhal Capital Management now owns 42,453 shares of the company’s stock worth $869,000 after purchasing an additional 1,417 shares in the last quarter. Citadel Advisors LLC increased its stake in shares of 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 worth $544,000 after purchasing an additional 1,939 shares in the last quarter. Finally, Osaic Holdings Inc. raised its position in shares of First Trust Intermediate Government Opportunities ETF by 37.4% in the second quarter. Osaic Holdings Inc. now owns 7,788 shares of the company’s stock valued at $157,000 after purchasing an additional 2,119 shares during the period.

First Trust Intermediate Government Opportunities ETF Company Profile

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.