First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Sees Large 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 July. As of July 31st, there was short interest totaling 82,563 shares, a decline of 45.9% from the July 15th total of 152,711 shares. Based on an average trading volume of 430,194 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Trading of First Trust Low Duration Opportunities ETF

Large investors have recently added to or reduced their stakes in the company. Palisade Asset Management LLC acquired a new position in First Trust Low Duration Opportunities ETF in the 3rd quarter valued at approximately $26,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of First Trust Low Duration Opportunities ETF in the first quarter worth about $35,000. Bank of Montreal Can lifted its holdings in First Trust Low Duration Opportunities ETF by 169.0% in the 4th quarter. Bank of Montreal Can now owns 737 shares of the company’s stock worth $37,000 after purchasing an additional 463 shares during the last quarter. Hazlett Burt & Watson Inc. boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 38.5% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 900 shares of the company’s stock worth $44,000 after buying an additional 250 shares during the period. Finally, Motiv8 Investments LLC bought a new stake in First Trust Low Duration Opportunities ETF during the fourth quarter valued at about $56,000.

First Trust Low Duration Opportunities ETF Price Performance

Shares of NASDAQ:LMBS traded down $0.01 during trading on Monday, reaching $49.68. 295,977 shares of the company’s stock traded hands, compared to its average volume of 552,670. The company has a 50 day moving average of $49.69 and a 200-day moving average of $49.90. First Trust Low Duration Opportunities ETF has a 12 month low of $47.87 and a 12 month high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 21st were paid a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, July 21st. This represents a c) annualized dividend 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.