FT Vest Gold Strategy Target Income ETF (BATS:IGLD) Sees Large Decline in Short Interest

FT Vest Gold Strategy Target Income ETF (BATS:IGLD) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 178,105 shares, a drop of 41.3% from the September 15th total of 303,229 shares. Based on an average daily volume of 435,504 shares, the short-interest ratio is currently 0.4 days. Approximately 1.5% of the shares of the stock are short sold.

FT Vest Gold Strategy Target Income ETF Stock Performance

Shares of FT Vest Gold Strategy Target Income ETF stock opened at $19.92 on Thursday. FT Vest Gold Strategy Target Income ETF has a 1 year low of $19.78 and a 1 year high of $30.42. The business has a 50 day moving average price of $21.23 and a 200 day moving average price of $22.40.

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

Several hedge funds have recently bought and sold shares of the stock. Geneos Wealth Management Inc. increased its position in FT Vest Gold Strategy Target Income ETF by 18.6% during the first quarter. Geneos Wealth Management Inc. now owns 2,678 shares of the company’s stock worth $68,000 after buying an additional 420 shares in the last quarter. Triumph Capital Management lifted its position in shares of FT Vest Gold Strategy Target Income ETF by 2.2% in the third quarter. Triumph Capital Management now owns 32,721 shares of the company’s stock valued at $665,000 after acquiring an additional 694 shares in the last quarter. Compound Planning Inc. lifted its position in shares of FT Vest Gold Strategy Target Income ETF by 3.1% in the first quarter. Compound Planning Inc. now owns 27,174 shares of the company’s stock valued at $694,000 after acquiring an additional 811 shares in the last quarter. Pine Valley Investments Ltd Liability Co lifted its position in shares of FT Vest Gold Strategy Target Income ETF by 4.2% in the first quarter. Pine Valley Investments Ltd Liability Co now owns 23,260 shares of the company’s stock valued at $594,000 after acquiring an additional 940 shares in the last quarter. Finally, G&S Capital LLC lifted its position in shares of FT Vest Gold Strategy Target Income ETF by 11.1% in the second quarter. G&S Capital LLC now owns 12,410 shares of the company’s stock valued at $261,000 after acquiring an additional 1,244 shares in the last quarter.

About FT Vest Gold Strategy Target Income ETF

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.