FT Vest Gold Strategy Target Income ETF (BATS:IGLD) Sees Significant Drop in Short Interest

FT Vest Gold Strategy Target Income ETF (BATS:IGLD) was the target of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 65,321 shares, a decrease of 74.2% from the July 30th total of 252,814 shares. Based on an average daily trading volume, of 289,695 shares, the short-interest ratio is presently 0.2 days. Approximately 0.6% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Independent Financial Group LLC purchased a new stake in shares of FT Vest Gold Strategy Target Income ETF during the first quarter worth approximately $3,445,000. XML Financial LLC increased its stake in FT Vest Gold Strategy Target Income ETF by 8.7% in the 1st quarter. XML Financial LLC now owns 308,983 shares of the company’s stock valued at $7,888,000 after buying an additional 24,819 shares during the period. World Investment Advisors acquired a new position in FT Vest Gold Strategy Target Income ETF in the 4th quarter valued at $1,089,000. Benjamin Edwards Inc. raised its position in FT Vest Gold Strategy Target Income ETF by 494.9% during the 4th quarter. Benjamin Edwards Inc. now owns 93,972 shares of the company’s stock worth $2,350,000 after buying an additional 78,176 shares during the last quarter. Finally, Walser Wealth Management Company A Ltd Liability Co acquired a new stake in shares of FT Vest Gold Strategy Target Income ETF in the 4th quarter worth $1,196,000.

FT Vest Gold Strategy Target Income ETF Trading Down 2.8%

Shares of IGLD opened at $22.03 on Friday. FT Vest Gold Strategy Target Income ETF has a fifty-two week low of $20.22 and a fifty-two week high of $30.42. The firm has a 50-day simple moving average of $21.33 and a 200-day simple moving average of $23.93.

FT Vest Gold Strategy Target Income ETF Company Profile

The FT Cboe Vest Gold Target Income ETF (IGLD) is an exchange-traded fund that is based on the SPDR Gold Trust index. The fund aims to generate income from a long position in SPDR Gold Trust ETF (GLD) and call spreads utilizing FLEX options. The fund gains exposure through a wholly-owned subsidiary. IGLD was launched on Mar 2, 2021 and is managed by First Trust.