First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Sees Large Increase in Short Interest

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

Institutional Trading of First Trust Low Duration Opportunities ETF

Large investors have recently modified their holdings of the business. Whittier Trust Co. of Nevada Inc. bought a new stake in First Trust Low Duration Opportunities ETF during the first quarter valued at approximately $35,000. Hazlett Burt & Watson Inc. raised 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 buying an additional 250 shares in the last quarter. Motiv8 Investments LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the 4th quarter valued at $56,000. NI Acquisitions Company LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF during the 2nd quarter worth $67,000. Finally, Noble Wealth Management PBC purchased a new position in First Trust Low Duration Opportunities ETF in the second quarter worth $113,000.

First Trust Low Duration Opportunities ETF Trading Up 0.0%

Shares of LMBS stock traded up $0.01 on Tuesday, reaching $49.13. The company’s stock had a trading volume of 582,141 shares, compared to its average volume of 541,471. First Trust Low Duration Opportunities ETF has a 12-month low of $47.87 and a 12-month high of $51.98. The stock’s 50 day simple moving average is $49.56 and its 200-day simple moving average is $49.79.

First Trust Low Duration Opportunities ETF Announces Dividend

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

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.