First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) Sees Significant Increase in Short Interest

First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 13,971 shares, a growth of 39.9% from the December 31st total of 9,985 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 48,372 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 48,372 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.3% of the company’s shares are sold short.

First Trust Intermediate Government Opportunities ETF Trading Down 0.2%

Shares of MGOV opened at $20.46 on Tuesday. First Trust Intermediate Government Opportunities ETF has a fifty-two week low of $19.56 and a fifty-two week high of $20.76. The company’s fifty day moving average is $20.52 and its two-hundred day moving average is $20.46.

First Trust Intermediate Government Opportunities ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, January 21st were given a $0.085 dividend. The ex-dividend date of this dividend was Wednesday, January 21st. This represents a c) annualized dividend and a dividend yield of 5.0%.

Institutional Investors Weigh In On First Trust Intermediate Government Opportunities ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MGOV. Truist Financial Corp boosted its stake in First Trust Intermediate Government Opportunities ETF by 15.3% during the 2nd quarter. Truist Financial Corp now owns 192,640 shares of the company’s stock valued at $3,882,000 after acquiring an additional 25,597 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of First Trust Intermediate Government Opportunities ETF in the 2nd quarter worth about $75,000. Harbour Investments Inc. raised its stake in shares of First Trust Intermediate Government Opportunities ETF by 10.2% in the 2nd quarter. Harbour Investments Inc. now owns 80,339 shares of the company’s stock valued at $1,619,000 after purchasing an additional 7,425 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of First Trust Intermediate Government Opportunities ETF by 18.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 198,905 shares of the company’s stock valued at $4,008,000 after purchasing an additional 31,252 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of First Trust Intermediate Government Opportunities ETF by 71.9% during the second quarter. First Trust Advisors LP now owns 186,456 shares of the company’s stock worth $3,757,000 after purchasing an additional 78,011 shares during the last quarter.

First Trust Intermediate Government Opportunities ETF Company Profile

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.