Short Interest in First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) Expands By 213.1%

First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 10,687 shares, a growth of 213.1% from the August 15th total of 3,413 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 18,371 shares, the days-to-cover ratio is currently 0.6 days.

First Trust Intermediate Government Opportunities ETF Trading Down 0.2%

Shares of NYSEARCA MGOV traded down $0.03 during mid-day trading on Friday, hitting $19.61. 3,020 shares of the company traded hands, compared to its average volume of 33,221. First Trust Intermediate Government Opportunities ETF has a 1 year low of $19.61 and a 1 year high of $20.95. The business has a 50 day moving average of $19.90 and a two-hundred day moving average of $20.16.

Institutional Trading of First Trust Intermediate Government Opportunities ETF

Hedge funds have recently bought and sold shares of the company. First Trust Advisors LP increased its position in shares of First Trust Intermediate Government Opportunities ETF by 71.9% in the second quarter. First Trust Advisors LP now owns 186,456 shares of the company’s stock worth $3,757,000 after acquiring an additional 78,011 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of First Trust Intermediate Government Opportunities ETF in the 2nd quarter valued at approximately $1,697,000. Osaic Holdings Inc. boosted its stake in First Trust Intermediate Government Opportunities ETF by 37.4% in the 2nd 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 period. Citadel Advisors LLC boosted its stake in First Trust Intermediate Government Opportunities ETF by 7.9% in the 3rd quarter. Citadel Advisors LLC now owns 26,581 shares of the company’s stock worth $544,000 after purchasing an additional 1,939 shares during the period. Finally, Integrated Wealth Concepts LLC grew its position in First Trust Intermediate Government Opportunities ETF by 1.1% during the 3rd 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 in 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.