First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) Shares Shorted: Short Interest Up 488.1% in September

by · The Markets Daily

First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV – Get Free Report) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 62,846 shares, a growth of 488.1% from the August 31st total of 10,687 shares. Approximately 1.2% of the company’s stock are short sold. Based on an average trading volume of 15,606 shares, the days-to-cover ratio is currently 4.0 days.

Institutional Investors Weigh In On First Trust Intermediate Government Opportunities ETF

Several large investors have recently modified their holdings of the business. HighTower Advisors LLC boosted its stake in shares of First Trust Intermediate Government Opportunities ETF by 0.5% during the fourth quarter. HighTower Advisors LLC now owns 133,946 shares of the company’s stock valued at $2,743,000 after purchasing an additional 603 shares in the last quarter. Prospera Financial Services Inc lifted its holdings in First Trust Intermediate Government Opportunities ETF by 10.0% during the fourth quarter. Prospera Financial Services Inc now owns 39,937 shares of the company’s stock worth $818,000 after buying an additional 3,639 shares during the period. Kestra Advisory Services LLC purchased a new stake in First Trust Intermediate Government Opportunities ETF during the first quarter worth $205,000. Integrated Wealth Concepts LLC boosted its position in First Trust Intermediate Government Opportunities ETF by 11.7% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 112,197 shares of the company’s stock valued at $2,265,000 after acquiring an additional 11,768 shares in the last quarter. Finally, Cetera Investment Advisers boosted its position in First Trust Intermediate Government Opportunities ETF by 8.5% during the 1st quarter. Cetera Investment Advisers now owns 206,115 shares of the company’s stock valued at $4,179,000 after acquiring an additional 16,158 shares in the last quarter.

First Trust Intermediate Government Opportunities ETF Stock Up 0.3%

NYSEARCA:MGOV traded up $0.05 during mid-day trading on Friday, reaching $19.27. The company’s stock had a trading volume of 36,050 shares, compared to its average volume of 33,422. First Trust Intermediate Government Opportunities ETF has a 1 year low of $19.18 and a 1 year high of $20.95. The stock has a fifty day moving average of $19.79 and a 200-day moving average of $20.08.

First Trust Intermediate Government Opportunities ETF Company Profile

(Get Free Report)

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.

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