First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) Short Interest Up 67.8% in July

First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 7,282 shares, an increase of 67.8% from the June 30th total of 4,339 shares. Based on an average daily volume of 38,489 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On First Trust Intermediate Government Opportunities ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. lifted its position 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 acquiring an additional 2,119 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of First Trust Intermediate Government Opportunities ETF during the 1st quarter worth $205,000. Kovack Advisors Inc. bought a new position in shares of First Trust Intermediate Government Opportunities ETF in the fourth quarter worth $251,000. Benjamin Edwards Inc. bought a new position in shares of First Trust Intermediate Government Opportunities ETF in the fourth quarter worth $267,000. Finally, NewEdge Advisors LLC increased its position in shares of First Trust Intermediate Government Opportunities ETF by 547.1% in the fourth quarter. NewEdge Advisors LLC now owns 22,572 shares of the company’s stock worth $462,000 after purchasing an additional 19,084 shares during the period.

First Trust Intermediate Government Opportunities ETF Trading Up 0.1%

NYSEARCA MGOV opened at $19.85 on Friday. First Trust Intermediate Government Opportunities ETF has a 1-year low of $19.76 and a 1-year high of $20.95. The company has a 50 day moving average of $20.09 and a 200-day moving average of $20.32.

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.