First Trust AAA CMBS ETF (NYSEARCA:CAAA) Short Interest Down 70.6% in May

First Trust AAA CMBS ETF (NYSEARCA:CAAA) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 9,226 shares, a drop of 70.6% from the April 30th total of 31,381 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily trading volume, of 6,445 shares, the short-interest ratio is currently 1.4 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. boosted its position in First Trust AAA CMBS ETF by 100.0% in the second quarter. Geneos Wealth Management Inc. now owns 3,000 shares of the company’s stock valued at $61,000 after buying an additional 1,500 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in First Trust AAA CMBS ETF in the fourth quarter valued at approximately $78,000. Fearless Solutions LLC dba Best Invest purchased a new stake in First Trust AAA CMBS ETF in the fourth quarter valued at approximately $215,000. Citadel Advisors LLC purchased a new stake in First Trust AAA CMBS ETF in the third quarter valued at approximately $313,000. Finally, Jane Street Group LLC purchased a new stake in First Trust AAA CMBS ETF in the first quarter valued at approximately $435,000.

First Trust AAA CMBS ETF Stock Up 0.1%

NYSEARCA CAAA opened at $20.26 on Friday. The company has a fifty day simple moving average of $20.32 and a two-hundred day simple moving average of $20.46. First Trust AAA CMBS ETF has a 12-month low of $20.13 and a 12-month high of $20.85.

About First Trust AAA CMBS ETF

The First Trust Commercial Mortgage Opportunities ETF (CAAA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that primarily invests in commercial mortgage-backed securities with a credit rating of AAA. The fund seeks to provide long-term total return CAAA was launched on Feb 27, 2024 and is issued by First Trust.