First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) Short Interest Up 128.4% in August

First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 3,413 shares, a growth of 128.4% from the July 30th total of 1,494 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 11,173 shares, the days-to-cover ratio is presently 0.3 days.

First Trust Intermediate Government Opportunities ETF Stock Down 0.3%

MGOV traded down $0.06 during midday trading on Friday, reaching $19.89. The company had a trading volume of 16,840 shares, compared to its average volume of 34,435. First Trust Intermediate Government Opportunities ETF has a 12-month low of $19.72 and a 12-month high of $20.95. The business has a 50-day moving average price of $19.99 and a two-hundred day moving average price of $20.23.

Hedge Funds Weigh In On First Trust Intermediate Government Opportunities ETF

A number of large investors have recently made changes to their positions in the stock. NewEdge Advisors LLC boosted its position in shares of First Trust Intermediate Government Opportunities ETF by 107.6% in the first quarter. NewEdge Advisors LLC now owns 46,852 shares of the company’s stock valued at $950,000 after acquiring an additional 24,280 shares during the period. Cetera Investment Advisers increased its holdings in First Trust Intermediate Government Opportunities ETF by 8.5% during the 1st quarter. Cetera Investment Advisers now owns 206,115 shares of the company’s stock worth $4,179,000 after acquiring an additional 16,158 shares during the period. First Trust Advisors LP increased its holdings in First Trust Intermediate Government Opportunities ETF by 37.6% during the 1st quarter. First Trust Advisors LP now owns 249,647 shares of the company’s stock worth $5,062,000 after acquiring an additional 68,232 shares during the period. Kestra Advisory Services LLC purchased a new stake in First Trust Intermediate Government Opportunities ETF in the 1st quarter worth approximately $205,000. Finally, Stephens Inc. AR purchased a new stake in First Trust Intermediate Government Opportunities ETF in the 1st quarter worth approximately $7,487,000.

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.