First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) Stock Short Interest Jumps 320.2%

First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 26,071 shares, an increase of 320.2% from the September 15th total of 6,204 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 230,514 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On First Trust Long Duration Opportunities ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada boosted its stake in shares of First Trust Long Duration Opportunities ETF by 8.8% during the 1st quarter. Royal Bank of Canada now owns 2,020,458 shares of the company’s stock worth $43,581,000 after acquiring an additional 164,213 shares in the last quarter. Financial Enhancement Group LLC grew its holdings in shares of First Trust Long Duration Opportunities ETF by 161.0% in the 3rd quarter. Financial Enhancement Group LLC now owns 1,290,981 shares of the company’s stock worth $25,226,000 after acquiring an additional 796,261 shares during the period. Citadel Advisors LLC grew its holdings in shares of First Trust Long Duration Opportunities ETF by 119.4% in the 2nd quarter. Citadel Advisors LLC now owns 1,052,410 shares of the company’s stock worth $22,522,000 after acquiring an additional 572,772 shares during the period. Stephens Inc. AR grew its holdings in shares of First Trust Long Duration Opportunities ETF by 29.7% in the 1st quarter. Stephens Inc. AR now owns 870,712 shares of the company’s stock worth $18,781,000 after acquiring an additional 199,341 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in First Trust Long Duration Opportunities ETF by 1.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 827,103 shares of the company’s stock valued at $17,700,000 after purchasing an additional 14,495 shares in the last quarter. 0.03% of the stock is currently owned by institutional investors and hedge funds.

First Trust Long Duration Opportunities ETF Stock Performance

LGOV traded up $0.03 on Friday, hitting $19.78. 163,080 shares of the company were exchanged, compared to its average volume of 202,174. The business’s fifty day moving average is $20.51 and its 200 day moving average is $21.09. First Trust Long Duration Opportunities ETF has a fifty-two week low of $19.40 and a fifty-two week high of $23.59. The firm has a market capitalization of $593.40 million, a P/E ratio of -10,377.75 and a beta of 0.35.

About First Trust Long Duration Opportunities ETF

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.