First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) Short Interest Down 32.9% in July

First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 8,809 shares, a decline of 32.9% from the June 30th total of 13,131 shares. Based on an average trading volume of 202,035 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

First Trust Long Duration Opportunities ETF Price Performance

First Trust Long Duration Opportunities ETF stock traded down $0.13 during trading hours on Friday, hitting $20.85. 179,382 shares of the stock traded hands, compared to its average volume of 194,973. The firm’s 50 day moving average price is $21.28 and its 200-day moving average price is $21.60. The stock has a market capitalization of $617.16 million, a price-to-earnings ratio of -10,939.14 and a beta of 0.34. First Trust Long Duration Opportunities ETF has a 1 year low of $20.45 and a 1 year high of $23.59.

Hedge Funds Weigh In On First Trust Long Duration Opportunities ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Raleigh Capital Management Inc. lifted its stake in First Trust Long Duration Opportunities ETF by 31.6% during the 1st quarter. Raleigh Capital Management Inc. now owns 1,931 shares of the company’s stock valued at $42,000 after acquiring an additional 464 shares during the period. Principal Securities Inc. raised its holdings in shares of First Trust Long Duration Opportunities ETF by 2.9% during the fourth quarter. Principal Securities Inc. now owns 16,548 shares of the company’s stock worth $361,000 after purchasing an additional 466 shares during the last quarter. Larson Financial Group LLC lifted its position in First Trust Long Duration Opportunities ETF by 21.3% during the third quarter. Larson Financial Group LLC now owns 2,669 shares of the company’s stock valued at $58,000 after purchasing an additional 469 shares during the period. Rockefeller Capital Management L.P. lifted its position in First Trust Long Duration Opportunities ETF by 2.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 26,800 shares of the company’s stock valued at $585,000 after purchasing an additional 522 shares during the period. Finally, Silver Oak Securities Incorporated boosted its holdings in First Trust Long Duration Opportunities ETF by 1.5% in the fourth quarter. Silver Oak Securities Incorporated now owns 40,080 shares of the company’s stock valued at $880,000 after purchasing an additional 573 shares during the last quarter. Institutional investors and hedge funds own 0.03% of the company’s stock.

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.