First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) Shares Shorted: Short Interest Down 92.6% in September

First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) saw a significant decline in short interest in September. As of September 15th, there was short interest totaling 6,204 shares, a decline of 92.6% from the August 31st total of 84,353 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 226,134 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On First Trust Long Duration Opportunities ETF

Hedge funds have recently made changes to their positions in the business. Fifth Third Bancorp purchased a new stake in First Trust Long Duration Opportunities ETF in the 1st quarter valued at about $25,000. Raleigh Capital Management Inc. lifted its holdings in shares of First Trust Long Duration Opportunities ETF by 31.6% during the 1st quarter. Raleigh Capital Management Inc. now owns 1,931 shares of the company’s stock worth $42,000 after acquiring an additional 464 shares during the period. Pinnacle Bancorp Inc. boosted its position in shares of First Trust Long Duration Opportunities ETF by 37.1% in the first quarter. Pinnacle Bancorp Inc. now owns 4,148 shares of the company’s stock worth $89,000 after acquiring an additional 1,122 shares during the last quarter. NI Acquisitions Company LLC acquired a new stake in shares of First Trust Long Duration Opportunities ETF in the second quarter worth approximately $133,000. Finally, World Investment Advisors acquired a new stake in shares of First Trust Long Duration Opportunities ETF in the fourth quarter worth approximately $225,000. Institutional investors and hedge funds own 0.03% of the company’s stock.

First Trust Long Duration Opportunities ETF Trading Down 1.5%

Shares of LGOV stock traded down $0.30 during trading hours on Thursday, hitting $19.88. The company’s stock had a trading volume of 195,865 shares, compared to its average volume of 197,176. The business has a fifty day moving average of $20.80 and a 200-day moving average of $21.24. The stock has a market cap of $596.40 million, a price-to-earnings ratio of -10,430.22 and a beta of 0.34. First Trust Long Duration Opportunities ETF has a twelve month low of $19.56 and a twelve month high of $23.59.

About First Trust Long Duration Opportunities ETF

The First Trust Long Duration Opportunities ETF (LGOV) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund holds an actively managed portfolio of US government bonds with an average duration of eight or more years. The fund seeks current income with a focus on capital preservation. LGOV was launched on Jan 22, 2019 and is managed by First Trust.