Short Interest in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Drops By 17.0%

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) was the recipient of a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 79,977 shares, a decline of 17.0% from the December 31st total of 96,339 shares. Based on an average daily trading volume, of 872,972 shares, the short-interest ratio is presently 0.1 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 872,972 shares, the short-interest ratio is presently 0.1 days.

First Trust Low Duration Opportunities ETF Stock Performance

First Trust Low Duration Opportunities ETF stock traded down $0.02 during mid-day trading on Wednesday, reaching $50.09. 898,526 shares of the company’s stock were exchanged, compared to its average volume of 775,848. The business’s fifty day simple moving average is $50.05 and its 200 day simple moving average is $49.86. First Trust Low Duration Opportunities ETF has a one year low of $48.37 and a one year high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, January 21st were issued a $0.17 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Wednesday, January 21st.

Institutional Trading of First Trust Low Duration Opportunities ETF

A number of large investors have recently added to or reduced their stakes in the stock. Palisade Asset Management LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the 3rd quarter worth approximately $26,000. CX Institutional bought a new position in First Trust Low Duration Opportunities ETF during the third quarter valued at $28,000. Financial Network Wealth Advisors LLC purchased a new stake in First Trust Low Duration Opportunities ETF in the third quarter worth $29,000. Creekmur Asset Management LLC increased its position in First Trust Low Duration Opportunities ETF by 497.2% in the second quarter. Creekmur Asset Management LLC now owns 633 shares of the company’s stock worth $31,000 after buying an additional 527 shares during the last quarter. Finally, Hollencrest Capital Management bought a new stake in shares of First Trust Low Duration Opportunities ETF in the second 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.