First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) Sees Large Decrease in Short Interest

First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) was the recipient of a large decline in short interest in December. As of December 31st, there was short interest totaling 9,985 shares, a decline of 49.7% from the December 15th total of 19,870 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 16,451 shares, the short-interest ratio is presently 0.6 days. Based on an average trading volume of 16,451 shares, the short-interest ratio is presently 0.6 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ameritas Advisory Services LLC bought a new stake in shares of First Trust Intermediate Government Opportunities ETF during the 2nd quarter valued at approximately $75,000. Osaic Holdings Inc. grew its stake in shares of First Trust Intermediate Government Opportunities ETF by 37.4% during the second quarter. Osaic Holdings Inc. now owns 7,788 shares of the company’s stock worth $157,000 after buying an additional 2,119 shares during the last quarter. AE Wealth Management LLC acquired a new position in shares of First Trust Intermediate Government Opportunities ETF during the third quarter worth $479,000. Citadel Advisors LLC increased its holdings in shares of First Trust Intermediate Government Opportunities ETF by 7.9% during the third quarter. Citadel Advisors LLC now owns 26,581 shares of the company’s stock worth $544,000 after buying an additional 1,939 shares in the last quarter. Finally, Prospera Financial Services Inc bought a new position in shares of First Trust Intermediate Government Opportunities ETF in the 3rd quarter valued at $743,000.

First Trust Intermediate Government Opportunities ETF Trading Down 0.2%

First Trust Intermediate Government Opportunities ETF stock traded down $0.05 during trading hours on Friday, reaching $20.55. 127,760 shares of the stock were exchanged, compared to its average volume of 55,533. The stock has a 50 day moving average of $20.54 and a two-hundred day moving average of $20.41. First Trust Intermediate Government Opportunities ETF has a twelve month low of $19.56 and a twelve month high of $20.76.

First Trust Intermediate Government Opportunities ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 21st were paid a $0.085 dividend. The ex-dividend date of this dividend was Friday, November 21st. This represents a c) annualized dividend and a yield of 5.0%.

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.