First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) Short Interest Up 213.1% in August

First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 10,687 shares, an increase of 213.1% from the August 15th total of 3,413 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 18,371 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On First Trust Intermediate Government Opportunities ETF

Several large investors have recently modified their holdings of the stock. Stephens Inc. AR purchased a new stake in First Trust Intermediate Government Opportunities ETF during the 1st quarter valued at $7,487,000. Cetera Investment Advisers boosted its stake in First Trust Intermediate Government Opportunities ETF by 450.2% during the fourth quarter. Cetera Investment Advisers now owns 189,957 shares of the company’s stock worth $3,889,000 after buying an additional 155,430 shares during the period. Kingsview Wealth Management LLC increased its position in First Trust Intermediate Government Opportunities ETF by 42.7% during the fourth quarter. Kingsview Wealth Management LLC now owns 431,624 shares of the company’s stock valued at $8,838,000 after acquiring an additional 129,188 shares during the last quarter. Silver Oak Securities Incorporated bought a new position in First Trust Intermediate Government Opportunities ETF during the first quarter valued at $2,156,000. Finally, Jane Street Group LLC purchased a new stake in shares of First Trust Intermediate Government Opportunities ETF in the second quarter valued at $1,697,000.

First Trust Intermediate Government Opportunities ETF Trading Down 0.2%

NYSEARCA MGOV traded down $0.03 during trading hours on Friday, hitting $19.61. 3,020 shares of the company were exchanged, compared to its average volume of 33,221. First Trust Intermediate Government Opportunities ETF has a 52 week low of $19.61 and a 52 week high of $20.95. The stock has a 50-day moving average price of $19.90 and a 200 day moving average price of $20.16.

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.