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

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 28,000 shares, a drop of 65.4% from the March 31st total of 81,000 shares. Based on an average daily volume of 501,900 shares, the days-to-cover ratio is currently 0.1 days.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of NASDAQ LMBS traded down $0.04 during mid-day trading on Thursday, reaching $47.60. The company had a trading volume of 120,373 shares, compared to its average volume of 515,354. The company has a 50-day moving average price of $48.06 and a two-hundred day moving average price of $47.85. First Trust Low Duration Opportunities ETF has a 1-year low of $46.58 and a 1-year high of $48.55.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Wednesday, April 24th will be issued a $0.175 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date is Tuesday, April 23rd.

Institutional Trading of First Trust Low Duration Opportunities ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Northwest Wealth Management LLC boosted its position in First Trust Low Duration Opportunities ETF by 2.9% during the third quarter. Northwest Wealth Management LLC now owns 7,739 shares of the company’s stock valued at $366,000 after purchasing an additional 216 shares during the last quarter. Trilogy Capital Inc. increased its stake in shares of First Trust Low Duration Opportunities ETF by 1.1% in the fourth quarter. Trilogy Capital Inc. now owns 20,531 shares of the company’s stock worth $992,000 after purchasing an additional 231 shares during the period. NBC Securities Inc. increased its stake in shares of First Trust Low Duration Opportunities ETF by 1.2% in the fourth quarter. NBC Securities Inc. now owns 19,613 shares of the company’s stock worth $947,000 after purchasing an additional 233 shares during the period. Abbot Financial Management Inc. increased its stake in First Trust Low Duration Opportunities ETF by 1.3% during the fourth quarter. Abbot Financial Management Inc. now owns 18,937 shares of the company’s stock valued at $915,000 after acquiring an additional 238 shares during the period. Finally, IFG Advisory LLC increased its stake in First Trust Low Duration Opportunities ETF by 1.8% during the fourth quarter. IFG Advisory LLC now owns 15,021 shares of the company’s stock valued at $726,000 after acquiring an additional 259 shares during the period.

First Trust Low Duration Opportunities ETF Company Profile

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.