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 during the month of August. As of August 14th, there was short interest totaling 1,260 shares, a decline of 82.0% from the July 30th total of 7,017 shares. Based on an average daily trading volume, of 7,380 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

First Trust AAA CMBS ETF Stock Performance

Shares of NYSEARCA CAAA remained flat at $20.21 during mid-day trading on Wednesday. 2,734 shares of the stock traded hands, compared to its average volume of 9,330. First Trust AAA CMBS ETF has a 52-week low of $20.05 and a 52-week high of $20.85. The business has a 50-day moving average of $20.24 and a 200-day moving average of $20.33.

Institutional Investors Weigh In On First Trust AAA CMBS ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CAAA. Compass Financial Management LLC bought a new stake in shares of First Trust AAA CMBS ETF in the 2nd quarter valued at approximately $180,000. Kestra Advisory Services LLC bought a new position in shares of First Trust AAA CMBS ETF during the 1st quarter valued at approximately $1,744,000. Platform Technology Partners lifted its position in First Trust AAA CMBS ETF by 58.3% in the first quarter. Platform Technology Partners now owns 94,307 shares of the company’s stock worth $1,914,000 after buying an additional 34,737 shares during the last quarter. STAR Financial Bank lifted its position in First Trust AAA CMBS ETF by 27.2% in the fourth quarter. STAR Financial Bank now owns 441,039 shares of the company’s stock worth $9,041,000 after buying an additional 94,432 shares during the last quarter. Finally, Prospera Financial Services Inc lifted its position in First Trust AAA CMBS ETF by 0.7% in the fourth quarter. Prospera Financial Services Inc now owns 296,939 shares of the company’s stock worth $6,087,000 after buying an additional 1,941 shares during the last quarter.

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.