First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Short Interest Up 130.2% in April

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 360,222 shares, an increase of 130.2% from the April 15th total of 156,505 shares. Based on an average daily volume of 456,101 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.3% of the shares of the company are short sold.

First Trust Low Duration Opportunities ETF Stock Down 0.3%

Shares of LMBS stock traded down $0.15 during midday trading on Friday, reaching $49.75. 428,697 shares of the company were exchanged, compared to its average volume of 589,171. First Trust Low Duration Opportunities ETF has a 12 month low of $47.87 and a 12 month high of $51.98. The company’s 50 day moving average price is $49.97 and its two-hundred day moving average price is $50.05.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, April 21st were given a dividend of $0.17 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Tuesday, April 21st.

Institutional Trading of First Trust Low Duration Opportunities ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in LMBS. Betterment LLC raised its position in shares of First Trust Low Duration Opportunities ETF by 11.4% during the 2nd quarter. Betterment LLC now owns 6,674 shares of the company’s stock worth $329,000 after buying an additional 681 shares in the last quarter. Darwin Wealth Management LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF in the 2nd quarter worth approximately $8,409,000. Raymond James Financial Inc. raised its holdings in shares of First Trust Low Duration Opportunities ETF by 5.4% during the second quarter. Raymond James Financial Inc. now owns 3,595,511 shares of the company’s stock valued at $177,115,000 after acquiring an additional 185,249 shares during the period. Jane Street Group LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the second quarter valued at approximately $890,000. Finally, Bank of America Corp DE raised its holdings in shares of First Trust Low Duration Opportunities ETF by 18.0% during the second quarter. Bank of America Corp DE now owns 1,630,521 shares of the company’s stock valued at $80,319,000 after acquiring an additional 248,784 shares during the period.

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.