First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) Short Interest Update

First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 84,353 shares, an increase of 3,692.9% from the August 15th total of 2,224 shares. Based on an average trading volume of 203,769 shares, the short-interest ratio is presently 0.4 days. Currently, 0.3% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in LGOV. Citadel Advisors LLC raised its holdings in First Trust Long Duration Opportunities ETF by 119.4% in the second quarter. Citadel Advisors LLC now owns 1,052,410 shares of the company’s stock valued at $22,522,000 after acquiring an additional 572,772 shares in the last quarter. Tidemark LLC acquired a new position in First Trust Long Duration Opportunities ETF during the 4th quarter worth approximately $12,359,000. Raymond James Financial Inc. grew its holdings in First Trust Long Duration Opportunities ETF by 36.5% during the 2nd quarter. Raymond James Financial Inc. now owns 1,708,012 shares of the company’s stock worth $36,586,000 after acquiring an additional 456,623 shares in the last quarter. LPL Financial LLC increased its position in shares of First Trust Long Duration Opportunities ETF by 11.5% in the 4th quarter. LPL Financial LLC now owns 3,889,011 shares of the company’s stock valued at $84,897,000 after purchasing an additional 401,560 shares during the last quarter. Finally, Jane Street Group LLC increased its position in shares of First Trust Long Duration Opportunities ETF by 311.4% in the 2nd quarter. Jane Street Group LLC now owns 394,726 shares of the company’s stock valued at $8,455,000 after purchasing an additional 298,781 shares during the last quarter. Institutional investors own 0.03% of the company’s stock.

First Trust Long Duration Opportunities ETF Trading Down 0.9%

First Trust Long Duration Opportunities ETF stock traded down $0.18 during trading on Thursday, reaching $20.45. The company had a trading volume of 253,339 shares, compared to its average volume of 195,315. The firm has a market capitalization of $605.32 million, a price-to-earnings ratio of -10,729.28 and a beta of 0.34. The firm’s 50-day simple moving average is $21.00 and its 200 day simple moving average is $21.39. First Trust Long Duration Opportunities ETF has a 52 week low of $20.39 and a 52 week high of $23.59.

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.