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 significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 53,700 shares, an increase of 129.5% from the September 15th total of 23,400 shares. Based on an average daily volume of 699,000 shares, the short-interest ratio is presently 0.1 days.

Several institutional investors and hedge funds have recently added to or reduced their stakes in LMBS. Morgan Stanley lifted its stake in First Trust Low Duration Opportunities ETF by 4.3% in the second quarter. Morgan Stanley now owns 18,778,550 shares of the company’s stock worth $955,828,000 after purchasing an additional 769,962 shares during the last quarter. Weitzel Financial Services Inc. lifted its position in First Trust Low Duration Opportunities ETF by 5,175.9% during the second quarter. Weitzel Financial Services Inc. now owns 11,315,967 shares of the company’s stock valued at $222,843,000 after purchasing an additional 11,101,482 shares during the period. Susquehanna International Group LLP lifted its position in First Trust Low Duration Opportunities ETF by 3,696.2% during the second quarter. Susquehanna International Group LLP now owns 8,140,282 shares of the company’s stock valued at $414,340,000 after purchasing an additional 7,925,848 shares during the period. Wells Fargo & Company MN increased its holdings in First Trust Low Duration Opportunities ETF by 4.5% in the second quarter. Wells Fargo & Company MN now owns 6,695,750 shares of the company’s stock valued at $340,813,000 after buying an additional 290,092 shares in the last quarter. Finally, Richard Bernstein Advisors LLC increased its stake in shares of First Trust Low Duration Opportunities ETF by 9.1% during the first quarter. Richard Bernstein Advisors LLC now owns 5,487,888 shares of the company’s stock worth $280,210,000 after purchasing an additional 456,656 shares in the last quarter.

NASDAQ:LMBS remained flat at $$50.54 during mid-day trading on Thursday. The company had a trading volume of 708,414 shares, compared to its average volume of 879,666. First Trust Low Duration Opportunities ETF has a 52 week low of $50.49 and a 52 week high of $51.67. The firm’s 50-day moving average is $50.67 and its 200 day moving average is $50.89.

The firm also recently declared a monthly dividend, which was paid on Thursday, September 30th. Shareholders of record on Friday, September 24th were paid a $0.078 dividend. The ex-dividend date was Thursday, September 23rd. This represents a $0.94 dividend on an annualized basis and a yield of 1.85%.

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