First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Short Interest Up 38.7% in January

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) was the target of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 110,908 shares, a growth of 38.7% from the January 15th total of 79,977 shares. Based on an average daily trading volume, of 707,709 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 707,709 shares, the short-interest ratio is presently 0.2 days.

First Trust Low Duration Opportunities ETF Stock Up 0.2%

Shares of First Trust Low Duration Opportunities ETF stock traded up $0.08 on Friday, reaching $50.43. 337,869 shares of the company traded hands, compared to its average volume of 715,509. The company has a 50 day moving average of $50.09 and a 200 day moving average of $49.91. First Trust Low Duration Opportunities ETF has a 52 week low of $48.37 and a 52 week high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st were given a $0.17 dividend. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Wednesday, January 21st.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Palisade Asset Management LLC bought a new stake in First Trust Low Duration Opportunities ETF in the 3rd quarter valued at about $26,000. CX Institutional bought a new position in First Trust Low Duration Opportunities ETF in the 3rd quarter worth approximately $28,000. Financial Network Wealth Advisors LLC bought a new position in First Trust Low Duration Opportunities ETF in the 3rd quarter worth approximately $29,000. Creekmur Asset Management LLC grew its stake in First Trust Low Duration Opportunities ETF by 497.2% in the 2nd quarter. Creekmur Asset Management LLC now owns 633 shares of the company’s stock valued at $31,000 after buying an additional 527 shares in the last quarter. Finally, Hollencrest Capital Management bought a new stake in First Trust Low Duration Opportunities ETF during the 2nd quarter valued at $31,000.

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.