First Trust AAA CMBS ETF (NYSEARCA:CAAA) Sees Significant Drop in Short Interest

First Trust AAA CMBS ETF (NYSEARCA:CAAA) was the recipient of a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 5,329 shares, a decline of 24.1% from the February 12th total of 7,021 shares. Based on an average daily volume of 9,091 shares, the short-interest ratio is presently 0.6 days. Currently, 0.3% of the shares of the company are sold short. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 9,091 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of First Trust AAA CMBS ETF

Several hedge funds have recently added to or reduced their stakes in CAAA. Geneos Wealth Management Inc. lifted its stake in First Trust AAA CMBS ETF by 100.0% in the second quarter. Geneos Wealth Management Inc. now owns 3,000 shares of the company’s stock worth $61,000 after acquiring an additional 1,500 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of First Trust AAA CMBS ETF in the 4th quarter valued at $78,000. Fearless Solutions LLC dba Best Invest purchased a new stake in shares of First Trust AAA CMBS ETF during the 4th quarter worth $215,000. Citadel Advisors LLC acquired a new position in shares of First Trust AAA CMBS ETF during the third quarter worth $313,000. Finally, Jane Street Group LLC purchased a new position in First Trust AAA CMBS ETF in the first quarter valued at $435,000.

First Trust AAA CMBS ETF Stock Down 0.1%

CAAA stock traded down $0.03 during midday trading on Friday, hitting $20.34. 8,380 shares of the stock traded hands, compared to its average volume of 12,563. First Trust AAA CMBS ETF has a 1-year low of $20.10 and a 1-year high of $20.85. The stock’s fifty day simple moving average is $20.53 and its 200-day simple moving average is $20.56.

First Trust AAA CMBS ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, February 20th. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%.

About First Trust AAA CMBS ETF

The First Trust Commercial Mortgage Opportunities ETF (CAAA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that primarily invests in commercial mortgage-backed securities with a credit rating of AAA. The fund seeks to provide long-term total return CAAA was launched on Feb 27, 2024 and is issued by First Trust.