Short Interest in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Drops By 89.7%

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 14,607 shares, a decrease of 89.7% from the May 31st total of 142,052 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 432,197 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On First Trust Low Duration Opportunities ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Palisade Asset Management LLC acquired a new stake in First Trust Low Duration Opportunities ETF during the third quarter worth approximately $26,000. Whittier Trust Co. of Nevada Inc. acquired a new position in First Trust Low Duration Opportunities ETF in the 1st quarter valued at $35,000. Bank of Montreal Can raised 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 valued at $37,000 after acquiring an additional 463 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its position 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 valued at $44,000 after acquiring an additional 250 shares during the period. Finally, Motiv8 Investments LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF during the 4th quarter valued at $56,000.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of LMBS stock opened at $49.81 on Friday. First Trust Low Duration Opportunities ETF has a 12-month low of $47.87 and a 12-month high of $51.98. The firm has a 50 day moving average price of $49.85 and a two-hundred day moving average price of $50.01.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 25th will be paid a $0.17 dividend. The ex-dividend date is Thursday, June 25th. This represents a c) annualized dividend and a 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.