Short Interest in First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) Grows By 195.2%

First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) saw a large growth in short interest in August. As of August 15th, there was short interest totaling 6,200 shares, agrowthof195.2% from the July 31st total of 2,100 shares. Based on an average trading volume of 13,400 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 13,400 shares, the days-to-cover ratio is presently 0.5 days.

First Trust Intermediate Government Opportunities ETF Stock Up 0.5%

Shares of MGOV stock opened at $20.48 on Friday. First Trust Intermediate Government Opportunities ETF has a 12-month low of $19.54 and a 12-month high of $21.13. The stock’s 50-day moving average price is $20.14 and its 200-day moving average price is $20.08.

Hedge Funds Weigh In On First Trust Intermediate Government Opportunities ETF

Several hedge funds have recently made changes to their positions in MGOV. Ameritas Advisory Services LLC acquired a new position in shares of First Trust Intermediate Government Opportunities ETF during the 2nd quarter worth about $75,000. Osaic Holdings Inc. boosted its position in shares of First Trust Intermediate Government Opportunities ETF by 37.4% during the 2nd 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 period. Iams Wealth Management LLC boosted its position in shares of First Trust Intermediate Government Opportunities ETF by 19.7% during the 1st quarter. Iams Wealth Management LLC now owns 27,847 shares of the company’s stock worth $564,000 after purchasing an additional 4,590 shares during the period. Ashton Thomas Private Wealth LLC boosted its position in shares of First Trust Intermediate Government Opportunities ETF by 5.9% during the 1st quarter. Ashton Thomas Private Wealth LLC now owns 30,803 shares of the company’s stock worth $624,000 after purchasing an additional 1,729 shares during the period. Finally, Narwhal Capital Management boosted its position in shares of First Trust Intermediate Government Opportunities ETF by 115.9% during the 1st quarter. Narwhal Capital Management now owns 34,918 shares of the company’s stock worth $707,000 after purchasing an additional 18,746 shares during the period.

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.