First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) Short Interest Update

First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 7,282 shares, an increase of 67.8% from the June 30th total of 4,339 shares. Based on an average daily volume of 38,489 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

First Trust Intermediate Government Opportunities ETF Stock Performance

Shares of MGOV opened at $19.77 on Friday. First Trust Intermediate Government Opportunities ETF has a 1 year low of $19.72 and a 1 year high of $20.95. The stock’s 50-day moving average price is $20.08 and its two-hundred day moving average price is $20.31.

Institutional Investors Weigh In On First Trust Intermediate Government Opportunities ETF

Several large investors have recently bought and sold shares of the company. Osaic Holdings Inc. boosted its position in shares of First Trust Intermediate Government Opportunities ETF by 37.4% during the second quarter. Osaic Holdings Inc. now owns 7,788 shares of the company’s stock worth $157,000 after purchasing an additional 2,119 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in shares of First Trust Intermediate Government Opportunities ETF in the 1st quarter valued at $205,000. Kovack Advisors Inc. acquired a new stake in First Trust Intermediate Government Opportunities ETF during the 4th quarter worth $251,000. Benjamin Edwards Inc. bought a new position in First Trust Intermediate Government Opportunities ETF during the fourth quarter worth about $267,000. Finally, NewEdge Advisors LLC lifted its holdings in First Trust Intermediate Government Opportunities ETF by 547.1% during the fourth quarter. NewEdge Advisors LLC now owns 22,572 shares of the company’s stock worth $462,000 after acquiring an additional 19,084 shares in the last quarter.

First Trust Intermediate Government Opportunities ETF Company Profile

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.