First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) Shares Shorted: Short Interest Up 1,003.5% in October

First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 53,212 shares, a growth of 1,003.5% from the September 30th total of 4,822 shares. Currently, 1.1% of the shares of the company are sold short. Based on an average daily volume of 47,849 shares, the short-interest ratio is currently 1.1 days.

Hedge Funds Weigh In On First Trust Intermediate Government Opportunities ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. raised its position in shares of First Trust Intermediate Government Opportunities ETF by 32.4% in the second quarter. Envestnet Asset Management Inc. now owns 1,004,072 shares of the company’s stock valued at $20,271,000 after purchasing an additional 245,936 shares during the period. Stephens Inc. AR bought a new stake in shares of First Trust Intermediate Government Opportunities ETF during the 1st quarter worth about $7,487,000. First Trust Advisors LP grew its stake in First Trust Intermediate Government Opportunities ETF by 37.6% in the 1st quarter. First Trust Advisors LP now owns 249,647 shares of the company’s stock valued at $5,062,000 after buying an additional 68,232 shares during the last quarter. Cetera Investment Advisers grew its stake in First Trust Intermediate Government Opportunities ETF by 8.5% in the 1st quarter. Cetera Investment Advisers now owns 206,115 shares of the company’s stock valued at $4,179,000 after buying an additional 16,158 shares during the last quarter. Finally, Integrated Wealth Concepts LLC grew its stake in First Trust Intermediate Government Opportunities ETF by 11.7% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 112,197 shares of the company’s stock valued at $2,265,000 after buying an additional 11,768 shares during the last quarter.

First Trust Intermediate Government Opportunities ETF Stock Performance

Shares of MGOV traded up $0.00 during mid-day trading on Tuesday, reaching $19.43. The company’s stock had a trading volume of 1,316 shares, compared to its average volume of 33,838. First Trust Intermediate Government Opportunities ETF has a 1-year low of $18.94 and a 1-year high of $20.95. The business has a 50-day simple moving average of $19.50 and a two-hundred day simple moving average of $20.09.

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.