First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Short Interest Up 130.2% in April

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 360,222 shares, an increase of 130.2% from the April 15th total of 156,505 shares. Based on an average daily trading volume, of 456,101 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.3% of the shares of the company are sold short.

Institutional Trading of First Trust Low Duration Opportunities ETF

Hedge funds have recently bought and sold shares of the company. Palisade Asset Management LLC bought a new stake in First Trust Low Duration Opportunities ETF in the 3rd quarter valued at about $26,000. Hazlett Burt & Watson Inc. lifted its position in First Trust Low Duration Opportunities ETF by 160.0% in the 3rd 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. Whittier Trust Co. of Nevada Inc. bought a new stake in First Trust Low Duration Opportunities ETF in the 1st quarter valued at about $35,000. Bank of Montreal Can lifted its position 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 purchasing an additional 463 shares during the last quarter. Finally, Motiv8 Investments LLC bought a new stake in First Trust Low Duration Opportunities ETF in the 4th quarter valued at about $56,000.

First Trust Low Duration Opportunities ETF Trading Down 0.3%

NASDAQ:LMBS traded down $0.15 during mid-day trading on Friday, hitting $49.75. The stock had a trading volume of 428,697 shares, compared to its average volume of 589,171. The company has a 50 day simple moving average of $49.97 and a 200-day simple moving average of $50.05. First Trust Low Duration Opportunities ETF has a 52 week low of $47.87 and a 52 week high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, April 21st were given a $0.17 dividend. The ex-dividend date was Tuesday, April 21st. 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.