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

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) was the recipient of a significant decrease in short interest in March. As of March 31st, there was short interest totaling 126,614 shares, a decrease of 41.1% from the March 15th total of 214,938 shares. Based on an average trading volume of 650,453 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

First Trust Low Duration Opportunities ETF Stock Performance

NASDAQ LMBS traded up $0.03 on Tuesday, hitting $50.10. 479,153 shares of the stock were exchanged, compared to its average volume of 621,956. The business’s fifty day moving average is $50.12 and its 200 day moving average is $50.05. First Trust Low Duration Opportunities ETF has a 52 week low of $48.45 and a 52 week high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a $0.17 dividend. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Thursday, March 26th.

Hedge Funds Weigh In On First Trust Low Duration Opportunities ETF

Several institutional investors and hedge funds have recently modified their holdings of LMBS. Palisade Asset Management LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF in the third quarter valued at $26,000. CX Institutional acquired a new position in shares of First Trust Low Duration Opportunities ETF in the third quarter valued at $28,000. Financial Network Wealth Advisors LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF in the third quarter valued at $29,000. Hollencrest Capital Management acquired a new position in shares of First Trust Low Duration Opportunities ETF in the second quarter valued at $31,000. Finally, Hazlett Burt & Watson Inc. increased its holdings in shares of First Trust Low Duration Opportunities ETF by 160.0% in the third quarter. Hazlett Burt & Watson Inc. now owns 650 shares of the company’s stock valued at $32,000 after purchasing an additional 400 shares during the last quarter.

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.