First Trust AAA CMBS ETF (NYSEARCA:CAAA) Short Interest Down 70.6% in May

First Trust AAA CMBS ETF (NYSEARCA:CAAA) saw a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 9,226 shares, a drop of 70.6% from the April 30th total of 31,381 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 6,445 shares, the days-to-cover ratio is currently 1.4 days.

Hedge Funds Weigh In On First Trust AAA CMBS ETF

A number of large investors have recently bought and sold shares of CAAA. Jane Street Group LLC acquired a new position in First Trust AAA CMBS ETF in the 1st quarter worth about $435,000. First Trust Advisors LP raised its holdings in First Trust AAA CMBS ETF by 101.1% in the 2nd quarter. First Trust Advisors LP now owns 72,000 shares of the company’s stock worth $1,475,000 after purchasing an additional 36,192 shares during the period. Geneos Wealth Management Inc. raised its holdings in First Trust AAA CMBS ETF by 100.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 3,000 shares of the company’s stock worth $61,000 after purchasing an additional 1,500 shares during the period. Prospera Financial Services Inc raised its holdings in First Trust AAA CMBS ETF by 4.9% in the 3rd quarter. Prospera Financial Services Inc now owns 294,998 shares of the company’s stock worth $6,051,000 after purchasing an additional 13,692 shares during the period. Finally, Citadel Advisors LLC acquired a new position in shares of First Trust AAA CMBS ETF during the 3rd quarter worth approximately $313,000.

First Trust AAA CMBS ETF Stock Performance

CAAA stock opened at $20.26 on Friday. The firm’s fifty day moving average is $20.32 and its 200 day moving average is $20.46. First Trust AAA CMBS ETF has a one year low of $20.13 and a one year high of $20.85.

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.