First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Sees Large Growth in Short Interest

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 360,222 shares, a growth of 130.2% from the April 15th total of 156,505 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 456,101 shares, the days-to-cover ratio is currently 0.8 days.

First Trust Low Duration Opportunities ETF Stock Performance

LMBS traded down $0.15 during trading on Friday, hitting $49.75. The stock had a trading volume of 428,697 shares, compared to its average volume of 589,171. The company has a 50 day moving average price of $49.97 and a 200-day moving average price of $50.05. First Trust Low Duration Opportunities ETF has a one year low of $47.87 and a one year high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, April 21st were paid a $0.17 dividend. The ex-dividend date was Tuesday, April 21st. This represents a c) annualized dividend and a yield of 4.1%.

Institutional Trading of First Trust Low Duration Opportunities ETF

Institutional investors have recently modified their holdings of the stock. Palisade Asset Management LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF during the 3rd quarter worth $26,000. Hazlett Burt & Watson Inc. raised its holdings in shares of First Trust Low Duration Opportunities ETF by 160.0% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 650 shares of the company’s stock worth $32,000 after buying an additional 400 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of First Trust Low Duration Opportunities ETF during the 1st quarter worth $35,000. Bank of Montreal Can raised its holdings in shares of First Trust Low Duration Opportunities ETF by 169.0% during the 4th quarter. Bank of Montreal Can now owns 737 shares of the company’s stock worth $37,000 after buying an additional 463 shares in the last quarter. Finally, Motiv8 Investments LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF during the 4th quarter worth $56,000.

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.