First Trust Enhanced Stocks, Bonds & Gold ETF (NYSEARCA:ESBG) Sees Large Decline in Short Interest

First Trust Enhanced Stocks, Bonds & Gold ETF (NYSEARCA:ESBG) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 259 shares, a decline of 48.6% from the September 30th total of 504 shares. Based on an average daily volume of 680 shares, the short-interest ratio is currently 0.4 days. Currently, 0.3% of the shares of the company are short sold.

First Trust Enhanced Stocks, Bonds & Gold ETF Price Performance

NYSEARCA:ESBG traded up $0.18 during trading hours on Monday, hitting $19.71. 31 shares of the company traded hands, compared to its average volume of 1,132. First Trust Enhanced Stocks, Bonds & Gold ETF has a twelve month low of $19.53 and a twelve month high of $27.03. The firm has a 50-day moving average of $21.11 and a 200 day moving average of $21.86.

Institutional Investors Weigh In On First Trust Enhanced Stocks, Bonds & Gold ETF

An institutional investor recently raised its stake in First Trust Enhanced Stocks, Bonds & Gold ETF stock. HBW Advisory Services LLC raised its position in First Trust Enhanced Stocks, Bonds & Gold ETF (NYSEARCA:ESBG) by 82.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,096 shares of the company’s stock after acquiring an additional 8,631 shares during the period. HBW Advisory Services LLC owned about 19.10% of First Trust Enhanced Stocks, Bonds & Gold ETF worth $405,000 as of its most recent SEC filing.