FT Vest Gold Strategy Target Income ETF (BATS:IGLD) Short Interest Down 39.9% in June

FT Vest Gold Strategy Target Income ETF (BATS:IGLD) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 79,281 shares, a decline of 39.9% from the June 15th total of 131,943 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average daily volume of 454,907 shares, the days-to-cover ratio is currently 0.2 days.

FT Vest Gold Strategy Target Income ETF Stock Down 1.5%

Shares of BATS:IGLD opened at $20.48 on Friday. The company has a 50-day simple moving average of $22.48 and a 200-day simple moving average of $25.03. FT Vest Gold Strategy Target Income ETF has a one year low of $20.38 and a one year high of $30.42.

Hedge Funds Weigh In On FT Vest Gold Strategy Target Income ETF

Institutional investors have recently added to or reduced their stakes in the stock. LPL Financial LLC lifted its position in FT Vest Gold Strategy Target Income ETF by 36.3% during the 4th quarter. LPL Financial LLC now owns 1,522,405 shares of the company’s stock worth $38,075,000 after acquiring an additional 405,522 shares during the period. Hilton Capital Management LLC increased its holdings in shares of FT Vest Gold Strategy Target Income ETF by 157.5% in the fourth quarter. Hilton Capital Management LLC now owns 603,486 shares of the company’s stock valued at $15,093,000 after purchasing an additional 369,130 shares during the period. Commonwealth Equity Services LLC raised its stake in shares of FT Vest Gold Strategy Target Income ETF by 866.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 378,815 shares of the company’s stock worth $9,474,000 after purchasing an additional 339,621 shares during the last quarter. Independent Financial Group LLC purchased a new stake in shares of FT Vest Gold Strategy Target Income ETF during the first quarter worth approximately $3,445,000. Finally, Cetera Investment Advisers lifted its holdings in shares of FT Vest Gold Strategy Target Income ETF by 19.9% during the first quarter. Cetera Investment Advisers now owns 552,819 shares of the company’s stock worth $14,113,000 after purchasing an additional 91,731 shares during the period.

FT Vest Gold Strategy Target Income ETF Company Profile

The FT Cboe Vest Gold Target Income ETF (IGLD) is an exchange-traded fund that is based on the SPDR Gold Trust index. The fund aims to generate income from a long position in SPDR Gold Trust ETF (GLD) and call spreads utilizing FLEX options. The fund gains exposure through a wholly-owned subsidiary. IGLD was launched on Mar 2, 2021 and is managed by First Trust.