Short Interest in First Trust Enhanced Stocks, Bonds & Gold ETF (NYSEARCA:ESBG) Grows By 88.6%

First Trust Enhanced Stocks, Bonds & Gold ETF (NYSEARCA:ESBG) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 1,356 shares, an increase of 88.6% from the August 15th total of 719 shares. Based on an average daily trading volume, of 928 shares, the short-interest ratio is currently 1.5 days. Currently, 1.4% of the company’s stock are short sold.

Hedge Funds Weigh In On First Trust Enhanced Stocks, Bonds & Gold ETF

An institutional investor recently raised its position in First Trust Enhanced Stocks, Bonds & Gold ETF stock. HBW Advisory Services LLC increased its holdings in First Trust Enhanced Stocks, Bonds & Gold ETF (NYSEARCA:ESBG) by 82.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,096 shares of the company’s stock after purchasing an additional 8,631 shares during the quarter. HBW Advisory Services LLC owned approximately 19.10% of First Trust Enhanced Stocks, Bonds & Gold ETF worth $405,000 at the end of the most recent reporting period.

First Trust Enhanced Stocks, Bonds & Gold ETF Price Performance

Shares of NYSEARCA:ESBG traded up $0.45 during midday trading on Thursday, reaching $21.37. The company had a trading volume of 24 shares, compared to its average volume of 1,189. First Trust Enhanced Stocks, Bonds & Gold ETF has a 1-year low of $19.86 and a 1-year high of $27.03. The business’s 50 day moving average price is $21.37 and its 200 day moving average price is $21.77.