First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) Sees Large Decline in Short Interest

First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 3,075 shares, a decrease of 58.7% from the May 31st total of 7,444 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 36,396 shares, the short-interest ratio is currently 0.1 days.

First Trust Intermediate Government Opportunities ETF Stock Performance

First Trust Intermediate Government Opportunities ETF stock traded down $0.08 on Tuesday, hitting $20.19. 15,474 shares of the stock traded hands, compared to its average volume of 38,770. The business’s fifty day simple moving average is $20.18 and its 200 day simple moving average is $20.39. First Trust Intermediate Government Opportunities ETF has a 1 year low of $19.78 and a 1 year high of $20.95.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. NewEdge Advisors LLC boosted its stake in First Trust Intermediate Government Opportunities ETF by 107.6% during the first quarter. NewEdge Advisors LLC now owns 46,852 shares of the company’s stock worth $950,000 after acquiring an additional 24,280 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of 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 in the last quarter. First Trust Advisors LP lifted its holdings in shares of First Trust Intermediate Government Opportunities ETF by 37.6% during the first quarter. First Trust Advisors LP now owns 249,647 shares of the company’s stock valued at $5,062,000 after purchasing an additional 68,232 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in shares of First Trust Intermediate Government Opportunities ETF during the first quarter valued at approximately $205,000. Finally, Stephens Inc. AR purchased a new position in shares of First Trust Intermediate Government Opportunities ETF during the first quarter valued at approximately $7,487,000.

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.