First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) Sees Large Growth in Short Interest

First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 19,870 shares, a growth of 56.9% from the November 30th total of 12,663 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 13,762 shares, the short-interest ratio is presently 1.4 days. Based on an average daily trading volume, of 13,762 shares, the short-interest ratio is presently 1.4 days. Currently, 0.7% of the shares of the company are short sold.

First Trust Intermediate Government Opportunities ETF Trading Up 0.0%

Shares of MGOV opened at $20.53 on Wednesday. First Trust Intermediate Government Opportunities ETF has a 52 week low of $19.54 and a 52 week high of $20.76. The firm’s 50-day simple moving average is $20.56 and its 200 day simple moving average is $20.37.

First Trust Intermediate Government Opportunities ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 21st were given a $0.085 dividend. The ex-dividend date of this dividend was Friday, November 21st. This represents a c) annualized dividend and a dividend yield of 5.0%.

Institutional Trading of First Trust Intermediate Government Opportunities ETF

Several hedge funds have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC grew its holdings in First Trust Intermediate Government Opportunities ETF by 1.1% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 85,489 shares of the company’s stock valued at $1,750,000 after buying an additional 963 shares in the last quarter. Citadel Advisors LLC boosted its position in shares of First Trust Intermediate Government Opportunities ETF by 7.9% in the third quarter. Citadel Advisors LLC now owns 26,581 shares of the company’s stock valued at $544,000 after acquiring an additional 1,939 shares during the period. First Trust Advisors LP grew its stake in shares of First Trust Intermediate Government Opportunities ETF by 6.0% in the third quarter. First Trust Advisors LP now owns 197,586 shares of the company’s stock valued at $4,045,000 after acquiring an additional 11,130 shares in the last quarter. HighTower Advisors LLC bought a new position in First Trust Intermediate Government Opportunities ETF during the third quarter worth about $2,730,000. Finally, Prospera Financial Services Inc acquired a new stake in First Trust Intermediate Government Opportunities ETF in the 3rd quarter worth about $743,000.

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.