First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) Stock Short Interest Jumps 320.2%

First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) saw a significant growth in short interest in September. As of September 30th, there was short interest totaling 26,071 shares, a growth of 320.2% from the September 15th total of 6,204 shares. Based on an average daily volume of 230,514 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

First Trust Long Duration Opportunities ETF Stock Up 0.3%

LGOV opened at $19.83 on Tuesday. First Trust Long Duration Opportunities ETF has a 52 week low of $19.40 and a 52 week high of $23.59. The business has a fifty day simple moving average of $20.49 and a 200-day simple moving average of $21.07. The firm has a market cap of $594.90 million, a P/E ratio of -10,403.99 and a beta of 0.35.

Hedge Funds Weigh In On First Trust Long Duration Opportunities ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Raleigh Capital Management Inc. boosted its position in First Trust Long Duration Opportunities ETF by 31.6% in the 1st quarter. Raleigh Capital Management Inc. now owns 1,931 shares of the company’s stock valued at $42,000 after buying an additional 464 shares during the period. Rockefeller Capital Management L.P. grew its stake in shares of First Trust Long Duration Opportunities ETF by 2.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 26,800 shares of the company’s stock worth $585,000 after acquiring an additional 522 shares in the last quarter. Balefire LLC increased its position in shares of First Trust Long Duration Opportunities ETF by 3.6% during the first quarter. Balefire LLC now owns 18,088 shares of the company’s stock worth $390,000 after acquiring an additional 633 shares during the period. Sanctuary Advisors LLC increased its position in shares of First Trust Long Duration Opportunities ETF by 3.6% during the first quarter. Sanctuary Advisors LLC now owns 31,009 shares of the company’s stock worth $669,000 after acquiring an additional 1,079 shares during the period. Finally, Pinnacle Bancorp Inc. increased its position in shares of First Trust Long Duration Opportunities ETF by 37.1% during 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 period. 0.03% of the stock is currently owned by hedge funds and other institutional investors.

First Trust Long Duration Opportunities ETF Company Profile

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.