First Trust AAA CMBS ETF (NYSEARCA:CAAA) Sees Significant Decline in Short Interest

First Trust AAA CMBS ETF (NYSEARCA:CAAA) was the target of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 4,550 shares, a decrease of 85.0% from the June 30th total of 30,291 shares. Based on an average trading volume of 4,650 shares, the short-interest ratio is presently 1.0 days. Currently, 0.3% of the shares of the company are short sold.

First Trust AAA CMBS ETF Stock Down 0.0%

Shares of CAAA traded down $0.01 during mid-day trading on Monday, hitting $20.09. 4,102 shares of the company’s stock were exchanged, compared to its average volume of 9,850. First Trust AAA CMBS ETF has a 52 week low of $20.05 and a 52 week high of $20.85. The stock’s 50-day simple moving average is $20.26 and its 200-day simple moving average is $20.38.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CAAA. Jane Street Group LLC bought a new position in shares of First Trust AAA CMBS ETF in the 1st quarter valued at $435,000. First Trust Advisors LP increased its holdings in First Trust AAA CMBS ETF by 101.1% in the second quarter. First Trust Advisors LP now owns 72,000 shares of the company’s stock valued at $1,475,000 after purchasing an additional 36,192 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of First Trust AAA CMBS ETF by 100.0% in the second quarter. Geneos Wealth Management Inc. now owns 3,000 shares of the company’s stock valued at $61,000 after buying an additional 1,500 shares during the period. Citadel Advisors LLC acquired a new stake in First Trust AAA CMBS ETF during the 3rd quarter valued at approximately $313,000. Finally, Fearless Solutions LLC dba Best Invest acquired a new stake in shares of First Trust AAA CMBS ETF during the fourth quarter worth $215,000.

First Trust AAA CMBS ETF Company Profile

The First Trust Commercial Mortgage Opportunities ETF (CAAA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that primarily invests in commercial mortgage-backed securities with a credit rating of AAA. The fund seeks to provide long-term total return CAAA was launched on Feb 27, 2024 and is issued by First Trust.