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

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) saw a significant decrease in short interest in January. As of January 15th, there was short interest totaling 79,977 shares, a decrease of 17.0% from the December 31st total of 96,339 shares. Based on an average trading volume of 872,972 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 872,972 shares, the short-interest ratio is currently 0.1 days.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of LMBS stock traded down $0.01 during mid-day trading on Tuesday, hitting $50.11. 520,207 shares of the stock were exchanged, compared to its average volume of 772,778. The stock’s fifty day simple moving average is $50.05 and its two-hundred day simple moving average is $49.86. First Trust Low Duration Opportunities ETF has a 12-month low of $48.37 and a 12-month high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, January 21st were paid a dividend of $0.17 per share. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Wednesday, January 21st.

Institutional Investors Weigh In On First Trust Low Duration Opportunities ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. grew its position in shares of First Trust Low Duration Opportunities ETF by 6.0% during the third quarter. Raymond James Financial Inc. now owns 3,810,418 shares of the company’s stock worth $189,721,000 after acquiring an additional 214,907 shares during the last quarter. Bank of America Corp DE boosted its stake in First Trust Low Duration Opportunities ETF by 15.1% during the 3rd quarter. Bank of America Corp DE now owns 1,877,318 shares of the company’s stock worth $93,472,000 after purchasing an additional 246,797 shares during the period. Cetera Investment Advisers grew its position in First Trust Low Duration Opportunities ETF by 7.5% during the 2nd quarter. Cetera Investment Advisers now owns 1,841,616 shares of the company’s stock worth $90,718,000 after purchasing an additional 128,743 shares during the last quarter. First Trust Advisors LP increased its stake in First Trust Low Duration Opportunities ETF by 11.7% in the third quarter. First Trust Advisors LP now owns 1,232,615 shares of the company’s stock valued at $61,372,000 after purchasing an additional 129,380 shares during the period. Finally, Concurrent Investment Advisors LLC increased its stake in First Trust Low Duration Opportunities ETF by 46.4% in the fourth quarter. Concurrent Investment Advisors LLC now owns 1,207,824 shares of the company’s stock valued at $60,379,000 after purchasing an additional 382,941 shares during the period.

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.