The First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) experienced a significant increase in short interest during December 2023. As of December 15, short interest reached a total of 19,870 shares, marking a substantial growth of 56.9% from the 12,663 shares reported on November 30. This surge indicates that 0.7% of the total shares are currently sold short.
The short-interest ratio, calculated based on an average daily trading volume of 13,762 shares, now stands at 1.4 days. This figure reflects the number of days it would take for all short positions to be covered at the current trading volume.
Current Trading Updates
On Wednesday, shares of MGOV opened at $20.53. Over the past year, the ETF has fluctuated within a range, hitting a 52-week low of $19.54 and a 52-week high of $20.76. The fund’s 50-day simple moving average is currently $20.56, while the 200-day simple moving average stands at $20.37. These figures provide insights into the ETF’s performance trends.
In addition to these trading updates, the First Trust Intermediate Government Opportunities ETF recently announced a monthly dividend. The dividend of $0.085 was paid on November 28, 2023, to shareholders on record as of November 21, 2023. This dividend represents an annualized payment and contributes to a dividend yield of 5.0%.
About the ETF
The First Trust Intermediate Government Opportunities ETF, launched on August 2, 2023, is an actively managed exchange-traded fund that primarily invests in investment-grade fixed-income securities. The fund focuses on U.S. Treasury and mortgage-related securities, making it a notable option for investors seeking stable income.
As the ETF continues to garner attention with its recent performance and dividend announcements, it remains a key player in the fixed-income investment landscape. Investors interested in the First Trust Intermediate Government Opportunities ETF can stay updated through various financial news outlets and platforms.
With the current trends in short interest and trading performance, the ETF’s future trajectory will be closely monitored by both investors and market analysts alike.
