Short Interest in First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) Decreases By 58.7%

First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 3,075 shares, a decrease of 58.7% from the May 31st total of 7,444 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 36,396 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On First Trust Intermediate Government Opportunities ETF

Several large investors have recently added to or reduced their stakes in MGOV. Osaic Holdings Inc. boosted its position in shares of First Trust Intermediate Government Opportunities ETF by 37.4% in the second quarter. Osaic Holdings Inc. now owns 7,788 shares of the company’s stock worth $157,000 after purchasing an additional 2,119 shares during the period. Kestra Advisory Services LLC bought a new stake in shares of First Trust Intermediate Government Opportunities ETF during the 1st quarter valued at $205,000. Kovack Advisors Inc. bought a new stake in shares of First Trust Intermediate Government Opportunities ETF during the 4th quarter valued at $251,000. Benjamin Edwards Inc. purchased a new position in shares of First Trust Intermediate Government Opportunities ETF during the 4th quarter valued at $267,000. Finally, NewEdge Advisors LLC boosted its holdings in First Trust Intermediate Government Opportunities ETF by 547.1% in the 4th quarter. NewEdge Advisors LLC now owns 22,572 shares of the company’s stock worth $462,000 after buying an additional 19,084 shares during the period.

First Trust Intermediate Government Opportunities ETF Price Performance

Shares of NYSEARCA MGOV remained flat at $20.27 during trading on Monday. The stock had a trading volume of 12,367 shares, compared to its average volume of 38,961. First Trust Intermediate Government Opportunities ETF has a 1 year low of $19.78 and a 1 year high of $20.95. The company has a 50 day simple moving average of $20.19 and a 200 day simple moving average of $20.40.

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.