First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Sees Significant Increase in Short Interest

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 152,711 shares, an increase of 632.1% from the June 30th total of 20,860 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 684,995 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On First Trust Low Duration Opportunities ETF

Institutional investors have recently modified their holdings of the business. Palisade Asset Management LLC acquired a new position in First Trust Low Duration Opportunities ETF in the 3rd quarter worth about $26,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in First Trust Low Duration Opportunities ETF in the first quarter valued at approximately $35,000. Bank of Montreal Can grew its holdings in First Trust Low Duration Opportunities ETF by 169.0% in the fourth quarter. Bank of Montreal Can now owns 737 shares of the company’s stock valued at $37,000 after purchasing an additional 463 shares during the period. Hazlett Burt & Watson Inc. increased its position in shares of First Trust Low Duration Opportunities ETF by 38.5% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 900 shares of the company’s stock valued at $44,000 after buying an additional 250 shares in the last quarter. Finally, Motiv8 Investments LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF in the fourth quarter valued at approximately $56,000.

First Trust Low Duration Opportunities ETF Stock Performance

NASDAQ LMBS traded up $0.01 during mid-day trading on Friday, reaching $49.37. 607,834 shares of the stock were exchanged, compared to its average volume of 568,282. The business’s 50 day moving average is $49.74 and its 200-day moving average is $49.96. First Trust Low Duration Opportunities ETF has a 1 year low of $47.87 and a 1 year high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st will be given a $0.17 dividend. The ex-dividend date is Tuesday, July 21st. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%.

About First Trust Low Duration Opportunities ETF

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.