First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) Short Interest Up 128.4% in August

First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 3,413 shares, a growth of 128.4% from the July 30th total of 1,494 shares. Based on an average trading volume of 11,173 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the company’s shares are sold short.

First Trust Intermediate Government Opportunities ETF Stock Performance

NYSEARCA:MGOV traded down $0.06 on Friday, reaching $19.89. 16,840 shares of the stock traded hands, compared to its average volume of 34,435. The company’s 50 day moving average is $19.99 and its 200-day moving average is $20.23. First Trust Intermediate Government Opportunities ETF has a 1-year low of $19.72 and a 1-year high of $20.95.

Institutional Investors Weigh In On First Trust Intermediate Government Opportunities ETF

A number of institutional investors have recently modified their holdings of MGOV. First Trust Advisors LP increased its position in shares of First Trust Intermediate Government Opportunities ETF by 71.9% during the second quarter. First Trust Advisors LP now owns 186,456 shares of the company’s stock worth $3,757,000 after buying an additional 78,011 shares during the period. Jane Street Group LLC acquired a new position in First Trust Intermediate Government Opportunities ETF in the second quarter valued at $1,697,000. Osaic Holdings Inc. boosted its position 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 valued at $157,000 after acquiring an additional 2,119 shares during the last quarter. Citadel Advisors LLC boosted its position in First Trust Intermediate Government Opportunities ETF by 7.9% during the third quarter. Citadel Advisors LLC now owns 26,581 shares of the company’s stock valued at $544,000 after acquiring an additional 1,939 shares during the last quarter. Finally, 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 valued at $1,750,000 after acquiring an additional 963 shares during the last quarter.

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.