Short Interest in First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) Declines By 80.6%

First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 3,536 shares, a drop of 80.6% from the April 30th total of 18,199 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 45,254 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. HighTower Advisors LLC bought a new position in First Trust Intermediate Government Opportunities ETF during the 3rd quarter worth $2,730,000. Prospera Financial Services Inc bought a new position in First Trust Intermediate Government Opportunities ETF during the 3rd quarter worth $743,000. Envestnet Asset Management Inc. increased its position in First Trust Intermediate Government Opportunities ETF by 43.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 285,008 shares of the company’s stock worth $5,834,000 after buying an additional 86,103 shares during the period. Kingsview Wealth Management LLC raised its holdings in First Trust Intermediate Government Opportunities ETF by 42.7% in the 4th quarter. Kingsview Wealth Management LLC now owns 431,624 shares of the company’s stock valued at $8,838,000 after acquiring an additional 129,188 shares in the last quarter. Finally, Iams Wealth Management LLC acquired a new position in First Trust Intermediate Government Opportunities ETF in the 4th quarter valued at $1,019,000.

First Trust Intermediate Government Opportunities ETF Price Performance

MGOV stock remained flat at $20.14 during trading hours on Friday. The company’s stock had a trading volume of 3,932 shares, compared to its average volume of 41,215. The firm has a 50 day moving average price of $20.24 and a 200-day moving average price of $20.45. First Trust Intermediate Government Opportunities ETF has a 1 year low of $19.73 and a 1 year high of $20.95.

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.