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

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) was the target of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 14,607 shares, a decline of 89.7% from the May 31st total of 142,052 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 432,197 shares, the short-interest ratio is presently 0.0 days.

First Trust Low Duration Opportunities ETF Trading Up 0.0%

Shares of NASDAQ LMBS traded up $0.02 during midday trading on Friday, hitting $49.82. The stock had a trading volume of 227,962 shares, compared to its average volume of 557,382. The business’s 50 day moving average is $49.86 and its 200-day moving average is $50.01. First Trust Low Duration Opportunities ETF has a 52 week low of $47.87 and a 52 week 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 Tuesday, June 30th. Investors of record on Thursday, June 25th will be issued a $0.17 dividend. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Thursday, June 25th.

Institutional Trading of First Trust Low Duration Opportunities ETF

Several institutional investors have recently added to or reduced their stakes in the business. Palisade Asset Management LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF in the 3rd quarter worth $26,000. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of First Trust Low Duration Opportunities ETF in the first quarter worth $35,000. Bank of Montreal Can lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 169.0% during 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 in the last quarter. Hazlett Burt & Watson Inc. lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 38.5% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 900 shares of the company’s stock valued at $44,000 after purchasing 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 during the fourth quarter valued at $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.