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

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 82,563 shares, a decrease of 45.9% from the July 15th total of 152,711 shares. Based on an average daily volume of 430,194 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Compass Financial Management LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the second quarter worth about $4,397,000. Heck Capital Advisors LLC boosted its position in First Trust Low Duration Opportunities ETF by 6.0% during the second quarter. Heck Capital Advisors LLC now owns 559,940 shares of the company’s stock worth $27,874,000 after acquiring an additional 31,562 shares during the last quarter. City Holding Co. grew its stake in First Trust Low Duration Opportunities ETF by 4.1% in the 2nd quarter. City Holding Co. now owns 57,711 shares of the company’s stock worth $2,872,000 after acquiring an additional 2,276 shares during the period. Wealthcare Advisory Partners LLC raised its holdings in First Trust Low Duration Opportunities ETF by 7.5% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 64,986 shares of the company’s stock valued at $3,235,000 after acquiring an additional 4,556 shares during the last quarter. Finally, IFC & Insurance Marketing Inc. boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 6.9% during the second quarter. IFC & Insurance Marketing Inc. now owns 40,133 shares of the company’s stock worth $1,998,000 after purchasing an additional 2,588 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

NASDAQ LMBS traded up $0.01 during mid-day trading on Tuesday, hitting $49.69. The stock had a trading volume of 413,904 shares, compared to its average volume of 551,787. The company has a 50 day simple moving average of $49.69 and a 200 day simple moving average of $49.90. 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 Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 21st were given a $0.17 dividend. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Tuesday, July 21st.

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.