First Trust AAA CMBS ETF (NYSEARCA:CAAA) Sees Significant Drop in Short Interest

First Trust AAA CMBS ETF (NYSEARCA:CAAA) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totaling 4,550 shares, a decline of 85.0% from the June 30th total of 30,291 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 4,650 shares, the days-to-cover ratio is currently 1.0 days.

First Trust AAA CMBS ETF Stock Performance

Shares of CAAA traded up $0.01 during trading hours on Friday, hitting $20.10. The stock had a trading volume of 8,976 shares, compared to its average volume of 9,893. The firm has a 50-day moving average price of $20.26 and a 200 day moving average price of $20.38. First Trust AAA CMBS ETF has a fifty-two week low of $20.05 and a fifty-two week high of $20.85.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. boosted its stake in shares of First Trust AAA CMBS ETF by 100.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,000 shares of the company’s stock worth $61,000 after acquiring an additional 1,500 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of 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 shares of First Trust AAA CMBS ETF in the fourth quarter valued at approximately $215,000. Citadel Advisors LLC acquired a new position in shares of First Trust AAA CMBS ETF during the 3rd quarter worth approximately $313,000. Finally, Jane Street Group LLC acquired a new position in shares of First Trust AAA CMBS ETF during the 1st quarter worth approximately $435,000.

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.