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

First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) was the recipient of a significant drop in short interest in 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 stock are short sold. Based on an average trading volume of 45,254 shares, the days-to-cover ratio is presently 0.1 days.

First Trust Intermediate Government Opportunities ETF Price Performance

Shares of NYSEARCA MGOV remained flat at $20.14 during mid-day trading on Friday. 3,932 shares of the company traded hands, compared to its average volume of 41,215. First Trust Intermediate Government Opportunities ETF has a 12 month low of $19.73 and a 12 month high of $20.95. The business’s 50-day moving average price is $20.25 and its 200 day moving average price is $20.46.

Institutional Trading of First Trust Intermediate Government Opportunities ETF

Large investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. boosted its holdings in shares of First Trust Intermediate Government Opportunities ETF by 37.4% during the 2nd quarter. Osaic Holdings Inc. now owns 7,788 shares of the company’s stock valued at $157,000 after buying an additional 2,119 shares in the last quarter. Kestra Advisory Services LLC bought a new position in First Trust Intermediate Government Opportunities ETF in the 1st quarter worth about $205,000. Kovack Advisors Inc. bought a new position in First Trust Intermediate Government Opportunities ETF in the 4th quarter worth about $251,000. Benjamin Edwards Inc. purchased a new position in First Trust Intermediate Government Opportunities ETF in the 4th quarter worth about $267,000. Finally, NewEdge Advisors LLC raised its position in First Trust Intermediate Government Opportunities ETF by 547.1% in the 4th quarter. NewEdge Advisors LLC now owns 22,572 shares of the company’s stock worth $462,000 after buying an additional 19,084 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.