First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) Stock Short Interest Drops 92.3%

First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 4,822 shares, a decrease of 92.3% from the September 15th total of 62,846 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 32,255 shares, the days-to-cover ratio is presently 0.1 days.

First Trust Intermediate Government Opportunities ETF Stock Up 0.1%

Shares of MGOV stock traded up $0.02 during trading hours on Friday, hitting $19.13. 56,520 shares of the company were exchanged, compared to its average volume of 33,694. First Trust Intermediate Government Opportunities ETF has a 52 week low of $18.94 and a 52 week high of $20.95. The business has a 50 day moving average of $19.63 and a two-hundred day moving average of $19.97.

Hedge Funds Weigh In On First Trust Intermediate Government Opportunities ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Stephens Inc. AR bought a new position in First Trust Intermediate Government Opportunities ETF during the 1st quarter worth about $7,487,000. Envestnet Asset Management Inc. lifted its holdings in shares of First Trust Intermediate Government Opportunities ETF by 32.4% in the second quarter. Envestnet Asset Management Inc. now owns 1,004,072 shares of the company’s stock valued at $20,271,000 after purchasing an additional 245,936 shares in the last quarter. Silver Oak Securities Incorporated bought a new stake in shares of First Trust Intermediate Government Opportunities ETF in the first quarter valued at about $2,156,000. First Trust Advisors LP lifted its holdings in shares of First Trust Intermediate Government Opportunities ETF by 37.6% in the first quarter. First Trust Advisors LP now owns 249,647 shares of the company’s stock valued at $5,062,000 after purchasing an additional 68,232 shares in the last quarter. Finally, Inspirion Wealth Advisors LLC acquired a new position in shares of First Trust Intermediate Government Opportunities ETF during the third quarter worth about $899,000.

About First Trust Intermediate Government Opportunities ETF

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.