FT Vest Gold Strategy Target Income ETF (BATS:IGLD) Sees Large Decline in Short Interest

FT Vest Gold Strategy Target Income ETF (BATS:IGLD) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totaling 178,105 shares, a decline of 41.3% from the September 15th total of 303,229 shares. Based on an average daily trading volume, of 435,504 shares, the days-to-cover ratio is presently 0.4 days. Approximately 1.5% of the shares of the stock are short sold.

FT Vest Gold Strategy Target Income ETF Stock Down 1.2%

Shares of IGLD stock opened at $19.92 on Thursday. The business’s fifty day moving average price is $21.23 and its 200 day moving average price is $22.40. FT Vest Gold Strategy Target Income ETF has a 1-year low of $19.78 and a 1-year high of $30.42.

Institutional Investors Weigh In On FT Vest Gold Strategy Target Income ETF

Several institutional investors have recently made changes to their positions in IGLD. Bullseye Investment Management LLC purchased a new stake in shares of FT Vest Gold Strategy Target Income ETF in the 2nd quarter worth about $4,627,000. Independent Financial Group LLC purchased a new position in FT Vest Gold Strategy Target Income ETF during the 1st quarter valued at about $3,445,000. Envestnet Asset Management Inc. increased its holdings in FT Vest Gold Strategy Target Income ETF by 9.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,341,776 shares of the company’s stock valued at $28,258,000 after acquiring an additional 118,777 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in FT Vest Gold Strategy Target Income ETF by 96.3% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 218,594 shares of the company’s stock valued at $4,604,000 after acquiring an additional 107,221 shares in the last quarter. Finally, Cetera Investment Advisers raised its position in FT Vest Gold Strategy Target Income ETF by 19.9% during the first quarter. Cetera Investment Advisers now owns 552,819 shares of the company’s stock worth $14,113,000 after acquiring an additional 91,731 shares during the last quarter.

About FT Vest Gold Strategy Target Income ETF

The FT Cboe Vest Gold Target Income ETF (IGLD) is an exchange-traded fund that is based on the SPDR Gold Trust index. The fund aims to generate income from a long position in SPDR Gold Trust ETF (GLD) and call spreads utilizing FLEX options. The fund gains exposure through a wholly-owned subsidiary. IGLD was launched on Mar 2, 2021 and is managed by First Trust.