First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Short Interest Up 98.7% in August

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 65,859 shares, a growth of 98.7% from the August 15th total of 33,149 shares. Based on an average daily volume of 408,497 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

First Trust Low Duration Opportunities ETF Stock Performance

NASDAQ LMBS traded up $0.01 during mid-day trading on Tuesday, hitting $49.13. The company’s stock had a trading volume of 582,141 shares, compared to its average volume of 541,471. The company’s 50 day simple moving average is $49.56 and its 200 day simple moving average is $49.79. First Trust Low Duration Opportunities ETF has a twelve month low of $47.87 and a twelve month high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 21st were paid a $0.17 dividend. The ex-dividend date was Friday, August 21st. This represents a c) annualized dividend and a dividend yield of 4.2%.

Institutional Investors Weigh In On First Trust Low Duration Opportunities ETF

A number of institutional investors have recently added to or reduced their stakes in LMBS. Talon Private Wealth LLC lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 14.4% in the second quarter. Talon Private Wealth LLC now owns 4,898 shares of the company’s stock worth $244,000 after buying an additional 618 shares in the last quarter. Integrated Wealth Concepts LLC grew its stake in First Trust Low Duration Opportunities ETF by 12.9% during the second quarter. Integrated Wealth Concepts LLC now owns 504,821 shares of the company’s stock valued at $25,130,000 after acquiring an additional 57,764 shares in the last quarter. RFG Advisory LLC increased its holdings in First Trust Low Duration Opportunities ETF by 16.1% during the 2nd quarter. RFG Advisory LLC now owns 139,646 shares of the company’s stock worth $6,952,000 after acquiring an additional 19,409 shares during the period. NewEdge Advisors LLC increased its holdings in First Trust Low Duration Opportunities ETF by 3.6% during the 2nd quarter. NewEdge Advisors LLC now owns 403,638 shares of the company’s stock worth $20,093,000 after acquiring an additional 13,875 shares during the period. Finally, Kinetic Wealth Investment Advisors LLC bought a new stake in First Trust Low Duration Opportunities ETF during the 2nd quarter worth approximately $460,000.

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.