First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Short Interest Up 632.1% in July

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 152,711 shares, an increase of 632.1% from the June 30th total of 20,860 shares. Based on an average daily volume of 684,995 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of LMBS. Betterment LLC lifted its position in First Trust Low Duration Opportunities ETF by 11.4% during the second quarter. Betterment LLC now owns 6,674 shares of the company’s stock worth $329,000 after acquiring an additional 681 shares during the last quarter. Darwin Wealth Management LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF in the second quarter valued at approximately $8,409,000. Raymond James Financial Inc. increased its stake in shares of First Trust Low Duration Opportunities ETF by 5.4% during the second quarter. Raymond James Financial Inc. now owns 3,595,511 shares of the company’s stock worth $177,115,000 after purchasing an additional 185,249 shares during the period. Jane Street Group LLC bought a new position in shares of First Trust Low Duration Opportunities ETF during the second quarter worth approximately $890,000. Finally, Bank of America Corp DE increased its stake in shares of First Trust Low Duration Opportunities ETF by 18.0% during the second quarter. Bank of America Corp DE now owns 1,630,521 shares of the company’s stock worth $80,319,000 after purchasing an additional 248,784 shares during the period.

First Trust Low Duration Opportunities ETF Trading Up 0.0%

NASDAQ:LMBS opened at $49.37 on Friday. First Trust Low Duration Opportunities ETF has a one year low of $47.87 and a one year high of $51.98. The firm’s fifty day moving average price is $49.74 and its two-hundred day moving average price is $49.96.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, July 21st will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, July 21st. This represents a c) annualized dividend and a dividend yield of 4.1%.

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.