First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Short Interest Update

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) was the recipient of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 120,600 shares, an increase of 61.0% from the January 31st total of 74,900 shares. Based on an average daily volume of 477,800 shares, the days-to-cover ratio is presently 0.3 days.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of NASDAQ LMBS remained flat at $49.14 during trading hours on Monday. The stock had a trading volume of 476,920 shares, compared to its average volume of 496,498. The firm’s 50 day moving average is $48.70 and its 200 day moving average is $48.90. First Trust Low Duration Opportunities ETF has a 52-week low of $45.06 and a 52-week high of $51.49.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were given a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a dividend yield of 4.15%. The ex-dividend date was Friday, February 21st.

Hedge Funds Weigh In On First Trust Low Duration Opportunities ETF

Several large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC increased its position in shares of First Trust Low Duration Opportunities ETF by 1.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 15,777 shares of the company’s stock valued at $780,000 after purchasing an additional 246 shares during the last quarter. Claro Advisors LLC increased its position in shares of First Trust Low Duration Opportunities ETF by 2.9% during the 4th quarter. Claro Advisors LLC now owns 8,861 shares of the company’s stock valued at $431,000 after purchasing an additional 249 shares during the last quarter. Riggs Asset Managment Co. Inc. increased its position in shares of First Trust Low Duration Opportunities ETF by 16.2% during the 4th quarter. Riggs Asset Managment Co. Inc. now owns 1,793 shares of the company’s stock valued at $87,000 after purchasing an additional 250 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its holdings in First Trust Low Duration Opportunities ETF by 1.3% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 29,468 shares of the company’s stock valued at $1,456,000 after acquiring an additional 386 shares during the period. Finally, Pinnacle Family Advisors LLC boosted its holdings in First Trust Low Duration Opportunities ETF by 4.3% during the 3rd quarter. Pinnacle Family Advisors LLC now owns 9,508 shares of the company’s stock valued at $470,000 after acquiring an additional 391 shares during the period.

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.