Short Interest in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) Increases By 343.1%

by · The Cerbat Gem

First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV – Get Free Report) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 162,940 shares, an increase of 343.1% from the April 15th total of 36,772 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 114,798 shares, the short-interest ratio is currently 1.4 days.

First Trust Long Duration Opportunities ETF Stock Performance

Shares of LGOV traded down $0.28 during mid-day trading on Friday, hitting $21.13. The company’s stock had a trading volume of 145,563 shares, compared to its average volume of 191,149. The stock’s 50-day moving average is $21.66 and its two-hundred day moving average is $21.86. The firm has a market capitalization of $652.92 million, a PE ratio of -11,086.04 and a beta of 0.34. First Trust Long Duration Opportunities ETF has a one year low of $20.14 and a one year high of $23.59.

Institutional Trading of First Trust Long Duration Opportunities ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. LPL Financial LLC raised its position in shares of First Trust Long Duration Opportunities ETF by 11.5% during the fourth quarter. LPL Financial LLC now owns 3,889,011 shares of the company’s stock valued at $84,897,000 after buying an additional 401,560 shares during the last quarter. Royal Bank of Canada grew its position in First Trust Long Duration Opportunities ETF by 3.9% during the fourth quarter. Royal Bank of Canada now owns 1,856,245 shares of the company’s stock worth $40,521,000 after buying an additional 69,801 shares in the last quarter. Raymond James Financial Inc. increased its stake in First Trust Long Duration Opportunities ETF by 36.5% during the second quarter. Raymond James Financial Inc. now owns 1,708,012 shares of the company’s stock valued at $36,586,000 after acquiring an additional 456,623 shares during the period. GDS Wealth Management increased its stake in First Trust Long Duration Opportunities ETF by 5.6% during the third quarter. GDS Wealth Management now owns 1,071,792 shares of the company’s stock valued at $23,311,000 after acquiring an additional 56,399 shares during the period. Finally, Csenge Advisory Group raised its holdings in First Trust Long Duration Opportunities ETF by 6.2% in the 4th quarter. Csenge Advisory Group now owns 974,216 shares of the company’s stock valued at $21,267,000 after acquiring an additional 56,704 shares in the last quarter. 0.03% of the stock is currently owned by institutional investors and hedge funds.

First Trust Long Duration Opportunities ETF Company Profile

(Get Free Report)

The First Trust Long Duration Opportunities ETF (LGOV) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund holds an actively managed portfolio of US government bonds with an average duration of eight or more years. The fund seeks current income with a focus on capital preservation. LGOV was launched on Jan 22, 2019 and is managed by First Trust.

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