Short Interest in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Rises By 107.1%

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 145,400 shares, an increase of 107.1% from the August 15th total of 70,200 shares. Based on an average trading volume of 472,200 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of First Trust Low Duration Opportunities ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sanctuary Advisors LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF in the second quarter valued at $2,431,000. Cetera Investment Advisers grew its holdings in First Trust Low Duration Opportunities ETF by 17.5% during the 2nd quarter. Cetera Investment Advisers now owns 940,225 shares of the company’s stock valued at $45,178,000 after purchasing an additional 140,132 shares during the last quarter. Hershey Financial Advisers LLC purchased a new stake in First Trust Low Duration Opportunities ETF in the 2nd quarter worth about $30,000. Traction Financial Partners LLC lifted its stake in First Trust Low Duration Opportunities ETF by 3.4% in the second quarter. Traction Financial Partners LLC now owns 35,917 shares of the company’s stock worth $1,761,000 after purchasing an additional 1,186 shares during the last quarter. Finally, Gateway Wealth Partners LLC boosted its position in shares of First Trust Low Duration Opportunities ETF by 6.5% during the second quarter. Gateway Wealth Partners LLC now owns 19,443 shares of the company’s stock valued at $934,000 after buying an additional 1,181 shares during the period.

First Trust Low Duration Opportunities ETF Trading Up 0.1 %

LMBS traded up $0.06 on Friday, hitting $49.43. The company had a trading volume of 374,752 shares, compared to its average volume of 464,607. First Trust Low Duration Opportunities ETF has a 12-month low of $45.06 and a 12-month high of $49.92. The business’s fifty day simple moving average is $48.90 and its 200 day simple moving average is $48.35.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 21st were issued a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date of this dividend was Wednesday, August 21st.

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.