First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) Shares Shorted: Short Interest Down 92.3% in September

First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 4,822 shares, a decline of 92.3% from the September 15th total of 62,846 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 32,255 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of First Trust Intermediate Government Opportunities ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Inspirion Wealth Advisors LLC purchased a new stake in shares of First Trust Intermediate Government Opportunities ETF in the 3rd quarter valued at $899,000. Envestnet Asset Management Inc. boosted its holdings in First Trust Intermediate Government Opportunities ETF by 32.4% in the second quarter. Envestnet Asset Management Inc. now owns 1,004,072 shares of the company’s stock valued at $20,271,000 after purchasing an additional 245,936 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in First Trust Intermediate Government Opportunities ETF by 11.7% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 112,197 shares of the company’s stock worth $2,265,000 after purchasing an additional 11,768 shares during the period. NewEdge Advisors LLC grew its position in First Trust Intermediate Government Opportunities ETF by 52.7% during the 2nd quarter. NewEdge Advisors LLC now owns 71,551 shares of the company’s stock worth $1,445,000 after purchasing an additional 24,699 shares during the period. Finally, Citadel Advisors LLC purchased a new position in shares of First Trust Intermediate Government Opportunities ETF during the 2nd quarter valued at about $868,000.

First Trust Intermediate Government Opportunities ETF Stock Up 0.1%

Shares of MGOV stock traded up $0.02 during mid-day trading on Friday, reaching $19.13. The stock had a trading volume of 56,520 shares, compared to its average volume of 33,694. First Trust Intermediate Government Opportunities ETF has a 1-year low of $18.94 and a 1-year high of $20.95. The business’s fifty day moving average is $19.63 and its 200-day moving average is $19.98.

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.