First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) Short Interest Down 39.9% in February

First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) was the target of a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 15,782 shares, a decrease of 39.9% from the January 29th total of 26,258 shares. Based on an average daily volume of 30,888 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.4% of the company’s stock are short sold. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 30,888 shares, the days-to-cover ratio is currently 0.5 days.

First Trust Intermediate Government Opportunities ETF Stock Up 0.4%

MGOV stock traded up $0.09 during midday trading on Friday, hitting $20.84. The company’s stock had a trading volume of 131,300 shares, compared to its average volume of 38,059. The company’s fifty day moving average price is $20.57 and its 200 day moving average price is $20.53. First Trust Intermediate Government Opportunities ETF has a twelve month low of $19.56 and a twelve month high of $20.95.

First Trust Intermediate Government Opportunities ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were issued a dividend of $0.085 per share. This represents a c) annualized dividend and a yield of 4.9%. The ex-dividend date was Friday, February 20th.

Institutional Investors Weigh In On First Trust Intermediate Government Opportunities ETF

Several large investors have recently made changes to their positions in the stock. HighTower Advisors LLC increased its holdings in First Trust Intermediate Government Opportunities ETF by 0.5% during the fourth quarter. HighTower Advisors LLC now owns 133,946 shares of the company’s stock worth $2,743,000 after buying an additional 603 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in First Trust Intermediate Government Opportunities ETF by 1.1% in the third quarter. Integrated Wealth Concepts LLC now owns 85,489 shares of the company’s stock valued at $1,750,000 after acquiring an additional 963 shares during the last quarter. Narwhal Capital Management grew its position in shares of First Trust Intermediate Government Opportunities ETF by 3.5% in the 4th quarter. Narwhal Capital Management now owns 42,453 shares of the company’s stock valued at $869,000 after acquiring an additional 1,417 shares during the period. Citadel Advisors LLC increased its stake in shares of First Trust Intermediate Government Opportunities ETF by 7.9% during the 3rd quarter. Citadel Advisors LLC now owns 26,581 shares of the company’s stock worth $544,000 after purchasing an additional 1,939 shares during the last quarter. Finally, Osaic Holdings Inc. raised its holdings in shares of First Trust Intermediate Government Opportunities ETF by 37.4% in the 2nd quarter. Osaic Holdings Inc. now owns 7,788 shares of the company’s stock valued at $157,000 after purchasing an additional 2,119 shares during the period.

About First Trust Intermediate Government Opportunities ETF

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.