First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) Short Interest Update

First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 43,373 shares, an increase of 392.4% from the July 15th total of 8,809 shares. Based on an average daily volume of 150,112 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of LGOV. Tidemark LLC bought a new stake in First Trust Long Duration Opportunities ETF in the 4th quarter valued at $12,359,000. Concurrent Investment Advisors LLC increased its holdings in shares of First Trust Long Duration Opportunities ETF by 1,085.2% during the 4th quarter. Concurrent Investment Advisors LLC now owns 564,951 shares of the company’s stock worth $12,333,000 after purchasing an additional 517,283 shares during the period. Raymond James Financial Inc. increased its holdings in shares of First Trust Long Duration Opportunities ETF by 36.5% during the 2nd quarter. Raymond James Financial Inc. now owns 1,708,012 shares of the company’s stock worth $36,586,000 after purchasing an additional 456,623 shares during the period. LPL Financial LLC increased its holdings in shares of First Trust Long Duration Opportunities ETF by 11.5% during the 4th quarter. LPL Financial LLC now owns 3,889,011 shares of the company’s stock worth $84,897,000 after purchasing an additional 401,560 shares during the period. Finally, Jane Street Group LLC raised its position in shares of First Trust Long Duration Opportunities ETF by 311.4% during the second quarter. Jane Street Group LLC now owns 394,726 shares of the company’s stock valued at $8,455,000 after buying an additional 298,781 shares during the last quarter. Institutional investors and hedge funds own 0.03% of the company’s stock.

First Trust Long Duration Opportunities ETF Stock Performance

Shares of First Trust Long Duration Opportunities ETF stock traded up $0.03 on Wednesday, reaching $20.92. The stock had a trading volume of 46,790 shares, compared to its average volume of 193,760. The business’s 50-day moving average price is $21.22 and its two-hundred day moving average price is $21.55. The stock has a market cap of $619.23 million, a P/E ratio of -10,975.87 and a beta of 0.34. First Trust Long Duration Opportunities ETF has a fifty-two week low of $20.45 and a fifty-two week high of $23.59.

About First Trust Long Duration Opportunities ETF

The First Trust Long Duration Opportunities ETF (LGOV) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund holds an actively managed portfolio of US government bonds with an average duration of eight or more years. The fund seeks current income with a focus on capital preservation. LGOV was launched on Jan 22, 2019 and is managed by First Trust.