First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) Short Interest Up 213.1% in August

First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 10,687 shares, an increase of 213.1% from the August 15th total of 3,413 shares. Based on an average daily volume of 18,371 shares, the short-interest ratio is presently 0.6 days. Currently, 0.2% of the company’s shares are short sold.

Institutional Trading of First Trust Intermediate Government Opportunities ETF

Several institutional investors and hedge funds have recently made changes to their positions in MGOV. Osaic Holdings Inc. grew its holdings in shares of First Trust Intermediate Government Opportunities ETF by 37.4% in the second quarter. Osaic Holdings Inc. now owns 7,788 shares of the company’s stock worth $157,000 after purchasing an additional 2,119 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in First Trust Intermediate Government Opportunities ETF during the 1st quarter valued at about $205,000. Kovack Advisors Inc. bought a new stake in First Trust Intermediate Government Opportunities ETF during the 4th quarter valued at about $251,000. NewEdge Advisors LLC boosted its position in First Trust Intermediate Government Opportunities ETF by 547.1% in the 4th quarter. NewEdge Advisors LLC now owns 22,572 shares of the company’s stock valued at $462,000 after buying an additional 19,084 shares during the period. Finally, Citadel Advisors LLC boosted its position in First Trust Intermediate Government Opportunities ETF by 7.9% in the 3rd quarter. Citadel Advisors LLC now owns 26,581 shares of the company’s stock valued at $544,000 after buying an additional 1,939 shares during the period.

First Trust Intermediate Government Opportunities ETF Stock Performance

NYSEARCA:MGOV traded down $0.03 during mid-day trading on Friday, hitting $19.61. 3,020 shares of the stock traded hands, compared to its average volume of 33,221. First Trust Intermediate Government Opportunities ETF has a 52 week low of $19.61 and a 52 week high of $20.95. The firm’s 50 day moving average is $19.90 and its two-hundred day moving average is $20.16.

First Trust Intermediate Government Opportunities ETF Company Profile

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.