First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) Stock Short Interest Declines 92.6%

First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 6,204 shares, a decrease of 92.6% from the August 31st total of 84,353 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 226,134 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of First Trust Long Duration Opportunities ETF

Hedge funds have recently modified their holdings of the business. Royal Bank of Canada grew its holdings in First Trust Long Duration Opportunities ETF by 8.8% during the first quarter. Royal Bank of Canada now owns 2,020,458 shares of the company’s stock worth $43,581,000 after acquiring an additional 164,213 shares during the period. Citadel Advisors LLC increased its holdings in shares of First Trust Long Duration Opportunities ETF by 119.4% in the 2nd quarter. Citadel Advisors LLC now owns 1,052,410 shares of the company’s stock valued at $22,522,000 after purchasing an additional 572,772 shares in the last quarter. Stephens Inc. AR boosted its holdings in First Trust Long Duration Opportunities ETF by 29.7% during the first quarter. Stephens Inc. AR now owns 870,712 shares of the company’s stock worth $18,781,000 after buying an additional 199,341 shares in the last quarter. Envestnet Asset Management Inc. grew its position in First Trust Long Duration Opportunities ETF by 1.8% during the second quarter. Envestnet Asset Management Inc. now owns 827,103 shares of the company’s stock worth $17,700,000 after buying an additional 14,495 shares during the period. Finally, Cetera Investment Advisers increased its holdings in First Trust Long Duration Opportunities ETF by 37.2% in the first quarter. Cetera Investment Advisers now owns 767,082 shares of the company’s stock valued at $16,546,000 after buying an additional 207,997 shares in the last quarter. 0.03% of the stock is owned by institutional investors and hedge funds.

First Trust Long Duration Opportunities ETF Trading Down 0.1%

Shares of First Trust Long Duration Opportunities ETF stock traded down $0.03 on Friday, reaching $19.86. 144,056 shares of the stock were exchanged, compared to its average volume of 196,843. The firm has a market capitalization of $595.65 million, a PE ratio of -10,408.71 and a beta of 0.34. First Trust Long Duration Opportunities ETF has a 1-year low of $19.56 and a 1-year high of $23.59. The business has a fifty day moving average price of $20.80 and a two-hundred day moving average price of $21.24.

First Trust Long Duration Opportunities ETF Company Profile

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.