First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) Stock Short Interest Report for October

First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 53,212 shares, an increase of 1,003.5% from the September 30th total of 4,822 shares. Based on an average daily volume of 47,849 shares, the short-interest ratio is presently 1.1 days. Currently, 1.1% of the company’s shares are short sold.

Institutional Trading of First Trust Intermediate Government Opportunities ETF

Several large investors have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC bought a new position in shares of First Trust Intermediate Government Opportunities ETF in the 1st quarter valued at about $205,000. Integrated Wealth Concepts LLC raised its position in First Trust Intermediate Government Opportunities ETF by 11.7% during the second quarter. Integrated Wealth Concepts LLC now owns 112,197 shares of the company’s stock valued at $2,265,000 after purchasing an additional 11,768 shares during the period. Cetera Investment Advisers raised its position in First Trust Intermediate Government Opportunities ETF by 8.5% during the first quarter. Cetera Investment Advisers now owns 206,115 shares of the company’s stock valued at $4,179,000 after purchasing an additional 16,158 shares during the period. NewEdge Advisors LLC lifted its stake in shares of First Trust Intermediate Government Opportunities ETF by 94.3% in the 1st quarter. NewEdge Advisors LLC now owns 43,860 shares of the company’s stock valued at $889,000 after purchasing an additional 21,288 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in shares of First Trust Intermediate Government Opportunities ETF in the 2nd quarter valued at approximately $868,000.

First Trust Intermediate Government Opportunities ETF Price Performance

NYSEARCA:MGOV traded up $0.04 during trading hours on Monday, reaching $19.43. The company’s stock had a trading volume of 12,352 shares, compared to its average volume of 33,997. The firm has a 50-day simple moving average of $19.50 and a 200-day simple moving average of $20.09. First Trust Intermediate Government Opportunities ETF has a 1 year low of $18.94 and a 1 year high of $20.95.

About First Trust Intermediate Government Opportunities ETF

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.