Short Interest in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Grows By 38.7%

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) was the target of a significant growth in short interest in January. As of January 30th, there was short interest totaling 110,908 shares, a growth of 38.7% from the January 15th total of 79,977 shares. Based on an average daily trading volume, of 707,709 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 707,709 shares, the days-to-cover ratio is presently 0.2 days.

First Trust Low Duration Opportunities ETF Price Performance

LMBS traded up $0.08 during mid-day trading on Friday, reaching $50.43. 337,869 shares of the stock were exchanged, compared to its average volume of 715,509. First Trust Low Duration Opportunities ETF has a 1 year low of $48.37 and a 1 year high of $51.98. The company has a 50 day moving average price of $50.09 and a two-hundred day moving average price of $49.91.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st were given a $0.17 dividend. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Wednesday, January 21st.

Hedge Funds Weigh In On First Trust Low Duration Opportunities ETF

Several hedge funds have recently modified their holdings of LMBS. Arete Wealth Advisors LLC bought a new position in shares of First Trust Low Duration Opportunities ETF in the fourth quarter valued at approximately $204,000. CreativeOne Wealth LLC boosted its position in First Trust Low Duration Opportunities ETF by 9.2% in the fourth quarter. CreativeOne Wealth LLC now owns 19,299 shares of the company’s stock worth $965,000 after purchasing an additional 1,619 shares during the last quarter. Kestra Advisory Services LLC grew its stake in First Trust Low Duration Opportunities ETF by 10.0% in the 4th quarter. Kestra Advisory Services LLC now owns 271,343 shares of the company’s stock valued at $13,564,000 after purchasing an additional 24,777 shares during the period. Stifel Financial Corp increased its position in shares of First Trust Low Duration Opportunities ETF by 3.5% during the 4th quarter. Stifel Financial Corp now owns 734,499 shares of the company’s stock valued at $36,719,000 after purchasing an additional 24,572 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of First Trust Low Duration Opportunities ETF by 1,990.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,721 shares of the company’s stock worth $186,000 after purchasing an additional 3,543 shares during the period.

First Trust Low Duration Opportunities ETF Company Profile

The First Trust Low Duration Opportunities ETF (LMBS) is an exchange-traded fund that is based on the Bloomberg U.S. MBS index. The fund is an actively managed fund that invests in a variety of mortgage-backed securities with target duration of less than 3 years. LMBS was launched on Nov 4, 2014 and is managed by First Trust.