Short Interest in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Drops By 59.9%

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) was the target of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 33,149 shares, a decrease of 59.9% from the July 30th total of 82,563 shares. Based on an average trading volume of 423,148 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Institutional Investors Weigh In On First Trust Low Duration Opportunities ETF

Several large investors have recently made changes to their positions in the company. Morgan Stanley increased its holdings in First Trust Low Duration Opportunities ETF by 2.5% in the fourth quarter. Morgan Stanley now owns 14,150,597 shares of the company’s stock worth $707,388,000 after buying an additional 338,741 shares during the last quarter. Wells Fargo & Company MN lifted its stake in First Trust Low Duration Opportunities ETF by 1.6% in the fourth quarter. Wells Fargo & Company MN now owns 5,522,020 shares of the company’s stock valued at $276,046,000 after acquiring an additional 87,626 shares during the last quarter. Raymond James Financial Inc. grew its position in First Trust Low Duration Opportunities ETF by 6.7% in the fourth quarter. Raymond James Financial Inc. now owns 4,066,736 shares of the company’s stock worth $203,296,000 after acquiring an additional 256,318 shares in the last quarter. Royal Bank of Canada grew its position in First Trust Low Duration Opportunities ETF by 13.0% in the first quarter. Royal Bank of Canada now owns 3,242,866 shares of the company’s stock worth $161,527,000 after acquiring an additional 372,725 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of First Trust Low Duration Opportunities ETF by 7.2% during the 1st quarter. Cetera Investment Advisers now owns 2,551,727 shares of the company’s stock worth $127,102,000 after purchasing an additional 171,648 shares during the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

LMBS traded down $0.04 during trading on Friday, reaching $49.54. 445,260 shares of the stock traded hands, compared to its average volume of 545,633. First Trust Low Duration Opportunities ETF has a fifty-two week low of $47.87 and a fifty-two week high of $51.98. The stock’s 50-day simple moving average is $49.65 and its two-hundred day simple moving average is $49.87.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 21st will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%.

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.