Short Interest in FT Vest Gold Strategy Target Income ETF (BATS:IGLD) Rises By 145.3%

FT Vest Gold Strategy Target Income ETF (BATS:IGLD) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 194,513 shares, a growth of 145.3% from the June 30th total of 79,281 shares. Based on an average daily trading volume, of 356,372 shares, the days-to-cover ratio is currently 0.5 days. Currently, 1.7% of the shares of the company are sold short.

Institutional Investors Weigh In On FT Vest Gold Strategy Target Income ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IGLD. Geneos Wealth Management Inc. lifted its holdings in FT Vest Gold Strategy Target Income ETF by 18.6% during the first quarter. Geneos Wealth Management Inc. now owns 2,678 shares of the company’s stock valued at $68,000 after purchasing an additional 420 shares during the last quarter. Cambridge Advisors Inc. raised its position in shares of FT Vest Gold Strategy Target Income ETF by 2.6% in the fourth quarter. Cambridge Advisors Inc. now owns 16,982 shares of the company’s stock valued at $425,000 after purchasing an additional 424 shares during the period. Merit Financial Group LLC raised its position in shares of FT Vest Gold Strategy Target Income ETF by 5.5% in the fourth quarter. Merit Financial Group LLC now owns 9,940 shares of the company’s stock valued at $249,000 after purchasing an additional 520 shares during the period. Advisory Services Network LLC lifted its stake in shares of FT Vest Gold Strategy Target Income ETF by 6.7% during the 3rd quarter. Advisory Services Network LLC now owns 10,831 shares of the company’s stock valued at $259,000 after buying an additional 679 shares in the last quarter. Finally, Compound Planning Inc. lifted its stake in shares of FT Vest Gold Strategy Target Income ETF by 3.1% during the 1st quarter. Compound Planning Inc. now owns 27,174 shares of the company’s stock valued at $694,000 after buying an additional 811 shares in the last quarter.

FT Vest Gold Strategy Target Income ETF Stock Performance

Shares of IGLD opened at $20.81 on Thursday. FT Vest Gold Strategy Target Income ETF has a 1 year low of $20.35 and a 1 year high of $30.42. The stock’s fifty day moving average price is $21.83 and its two-hundred day moving average price is $24.75.

FT Vest Gold Strategy Target Income ETF Company Profile

The FT Cboe Vest Gold Target Income ETF (IGLD) is an exchange-traded fund that is based on the SPDR Gold Trust index. The fund aims to generate income from a long position in SPDR Gold Trust ETF (GLD) and call spreads utilizing FLEX options. The fund gains exposure through a wholly-owned subsidiary. IGLD was launched on Mar 2, 2021 and is managed by First Trust.