First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Short Interest Update

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 65,859 shares, an increase of 98.7% from the August 15th total of 33,149 shares. Based on an average daily volume of 408,497 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

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. Whittier Trust Co. of Nevada Inc. bought a new position in shares of First Trust Low Duration Opportunities ETF during the first quarter valued at $35,000. Hazlett Burt & Watson Inc. grew its stake in shares of First Trust Low Duration Opportunities ETF by 38.5% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 900 shares of the company’s stock worth $44,000 after purchasing an additional 250 shares during the last quarter. Motiv8 Investments LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF in the fourth quarter worth $56,000. NI Acquisitions Company LLC acquired a new stake in First Trust Low Duration Opportunities ETF in the second quarter valued at $67,000. Finally, Noble Wealth Management PBC bought a new position in First Trust Low Duration Opportunities ETF during the 2nd quarter worth $113,000.

First Trust Low Duration Opportunities ETF Price Performance

Shares of LMBS stock opened at $49.10 on Thursday. The business’s 50-day moving average price is $49.54 and its 200-day moving average price is $49.78. 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 Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 21st were issued a $0.17 dividend. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Friday, August 21st.

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.