Short Interest in FT Vest Gold Strategy Target Income ETF (BATS:IGLD) Grows By 125.0%

FT Vest Gold Strategy Target Income ETF (BATS:IGLD) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 164,921 shares, an increase of 125.0% from the April 15th total of 73,283 shares. Based on an average daily volume of 274,021 shares, the days-to-cover ratio is currently 0.6 days. Currently, 1.4% of the shares of the stock are sold short.

Hedge Funds Weigh In On FT Vest Gold Strategy Target Income ETF

Hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. bought a new stake in shares of FT Vest Gold Strategy Target Income ETF during the 2nd quarter worth $37,000. Torren Management LLC bought a new stake in shares of FT Vest Gold Strategy Target Income ETF during the 1st quarter worth $51,000. Triumph Capital Management boosted its stake in shares of FT Vest Gold Strategy Target Income ETF by 574.3% during the 4th quarter. Triumph Capital Management now owns 2,023 shares of the company’s stock worth $51,000 after acquiring an additional 1,723 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of FT Vest Gold Strategy Target Income ETF by 20.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,823 shares of the company’s stock worth $59,000 after acquiring an additional 486 shares in the last quarter. Finally, Capital Investment Advisory Services LLC boosted its stake in shares of FT Vest Gold Strategy Target Income ETF by 1,130.5% during the 4th quarter. Capital Investment Advisory Services LLC now owns 5,045 shares of the company’s stock worth $126,000 after acquiring an additional 4,635 shares in the last quarter.

FT Vest Gold Strategy Target Income ETF Trading Down 2.1%

Shares of IGLD stock opened at $24.08 on Friday. FT Vest Gold Strategy Target Income ETF has a 1 year low of $20.86 and a 1 year high of $30.42. The business’s fifty day moving average is $25.46 and its 200-day moving average is $25.92.

FT Vest Gold Strategy Target Income ETF Company Profile

The FT Cboe Vest Gold Target Income ETF (IGLD) is an exchange-traded fund that is based on the SPDR Gold Trust index. The fund aims to generate income from a long position in SPDR Gold Trust ETF (GLD) and call spreads utilizing FLEX options. The fund gains exposure through a wholly-owned subsidiary. IGLD was launched on Mar 2, 2021 and is managed by First Trust.