Short Interest in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) Drops By 49.1%

by · The Cerbat Gem

First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV – Get Free Report) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 82,998 shares, a decrease of 49.1% from the April 30th total of 162,940 shares. Based on an average trading volume of 127,863 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.3% of the company’s stock are short sold.

Hedge Funds Weigh In On First Trust Long Duration Opportunities ETF

Hedge funds have recently modified their holdings of the stock. Jane Street Group LLC boosted its position in First Trust Long Duration Opportunities ETF by 379.7% in the first quarter. Jane Street Group LLC now owns 95,945 shares of the company’s stock valued at $2,063,000 after buying an additional 75,942 shares during the last quarter. NewEdge Advisors LLC boosted its position in First Trust Long Duration Opportunities ETF by 0.5% in the second quarter. NewEdge Advisors LLC now owns 237,046 shares of the company’s stock valued at $5,078,000 after buying an additional 1,217 shares during the last quarter. Raymond James Financial Inc. boosted its position in First Trust Long Duration Opportunities ETF by 36.5% in the second quarter. Raymond James Financial Inc. now owns 1,708,012 shares of the company’s stock valued at $36,586,000 after buying an additional 456,623 shares during the last quarter. FSB Premier Wealth Management Inc. boosted its position in First Trust Long Duration Opportunities ETF by 11.7% in the second quarter. FSB Premier Wealth Management Inc. now owns 121,758 shares of the company’s stock valued at $2,608,000 after buying an additional 12,711 shares during the last quarter. Finally, Asset Allocation Strategies LLC purchased a new stake in First Trust Long Duration Opportunities ETF in the second quarter valued at approximately $240,000. Institutional investors and hedge funds own 0.03% of the company’s stock.

First Trust Long Duration Opportunities ETF Stock Down 0.6%

Shares of LGOV traded down $0.12 during mid-day trading on Monday, hitting $21.38. 104,231 shares of the company traded hands, compared to its average volume of 193,694. First Trust Long Duration Opportunities ETF has a 1-year low of $20.45 and a 1-year high of $23.59. The company has a market capitalization of $660.64 million, a PE ratio of -11,217.21 and a beta of 0.34. The business has a 50 day moving average of $21.51 and a 200 day moving average of $21.80.

First Trust Long Duration Opportunities ETF Company Profile

(Get Free Report)

The First Trust Long Duration Opportunities ETF (LGOV) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund holds an actively managed portfolio of US government bonds with an average duration of eight or more years. The fund seeks current income with a focus on capital preservation. LGOV was launched on Jan 22, 2019 and is managed by First Trust.

Recommended Stories