Short Interest in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Decreases By 31.5%

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) saw a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 143,100 shares, a drop of 31.5% from the October 31st total of 209,000 shares. Based on an average daily volume of 515,200 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC grew its stake in shares of First Trust Low Duration Opportunities ETF by 1.6% in the third quarter. Farther Finance Advisors LLC now owns 15,777 shares of the company’s stock worth $780,000 after acquiring an additional 246 shares during the last quarter. City Holding Co. grew its position in First Trust Low Duration Opportunities ETF by 0.7% in the 2nd quarter. City Holding Co. now owns 40,370 shares of the company’s stock worth $1,939,000 after purchasing an additional 300 shares during the last quarter. Waterloo Capital L.P. increased its holdings in shares of First Trust Low Duration Opportunities ETF by 6.5% during the 2nd quarter. Waterloo Capital L.P. now owns 5,827 shares of the company’s stock worth $280,000 after purchasing an additional 358 shares during the period. Nations Financial Group Inc. IA ADV raised its position in shares of First Trust Low Duration Opportunities ETF by 1.3% during the third quarter. Nations Financial Group Inc. IA ADV now owns 29,468 shares of the company’s stock valued at $1,456,000 after buying an additional 386 shares during the last quarter. Finally, Pinnacle Family Advisors LLC lifted its stake in shares of First Trust Low Duration Opportunities ETF by 4.3% in the third quarter. Pinnacle Family Advisors LLC now owns 9,508 shares of the company’s stock valued at $470,000 after buying an additional 391 shares during the period.

First Trust Low Duration Opportunities ETF Stock Performance

NASDAQ:LMBS traded up $0.13 during midday trading on Friday, reaching $48.97. The stock had a trading volume of 143,203 shares, compared to its average volume of 478,352. First Trust Low Duration Opportunities ETF has a 1-year low of $45.06 and a 1-year high of $51.49. The firm’s fifty day simple moving average is $48.96 and its 200-day simple moving average is $48.73.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be paid a $0.17 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.17%.

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.