First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Short Interest Update

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) was the recipient of a large increase in short interest in March. As of March 13th, there was short interest totaling 214,938 shares, an increase of 49.2% from the February 26th total of 144,029 shares. Based on an average daily trading volume, of 494,048 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the company’s shares are short sold.

First Trust Low Duration Opportunities ETF Stock Down 0.0%

Shares of NASDAQ LMBS traded down $0.02 during midday trading on Friday, hitting $49.55. The stock had a trading volume of 521,971 shares, compared to its average volume of 621,271. First Trust Low Duration Opportunities ETF has a fifty-two week low of $48.37 and a fifty-two week high of $51.98. The company’s 50-day simple moving average is $50.16 and its 200 day simple moving average is $50.05.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th will be given a dividend of $0.17 per share. The ex-dividend date is Thursday, March 26th. This represents a c) annualized dividend and a dividend yield of 4.1%.

Hedge Funds Weigh In On First Trust Low Duration Opportunities ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Morgan Stanley lifted its stake in shares of First Trust Low Duration Opportunities ETF by 2.5% in the 4th quarter. Morgan Stanley now owns 14,150,597 shares of the company’s stock valued at $707,388,000 after purchasing an additional 338,741 shares during the period. Wells Fargo & Company MN increased its holdings in First Trust Low Duration Opportunities ETF by 1.6% in the fourth quarter. Wells Fargo & Company MN now owns 5,522,020 shares of the company’s stock valued at $276,046,000 after purchasing an additional 87,626 shares during the last quarter. Raymond James Financial Inc. lifted its stake in First Trust Low Duration Opportunities ETF by 6.7% in the fourth quarter. Raymond James Financial Inc. now owns 4,066,736 shares of the company’s stock valued at $203,296,000 after buying an additional 256,318 shares during the period. Royal Bank of Canada lifted its stake in First Trust Low Duration Opportunities ETF by 7.5% in the fourth quarter. Royal Bank of Canada now owns 2,870,141 shares of the company’s stock valued at $143,479,000 after buying an additional 199,486 shares during the period. Finally, Bank of America Corp DE boosted its holdings in First Trust Low Duration Opportunities ETF by 15.1% during the third quarter. Bank of America Corp DE now owns 1,877,318 shares of the company’s stock worth $93,472,000 after buying an additional 246,797 shares during the last quarter.

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.