Short Interest in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Decreases By 89.7%

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 14,607 shares, a drop of 89.7% from the May 31st total of 142,052 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 432,197 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On First Trust Low Duration Opportunities ETF

Hedge funds have recently modified their holdings of the company. Betterment LLC raised its holdings in shares of First Trust Low Duration Opportunities ETF by 11.4% in the 2nd quarter. Betterment LLC now owns 6,674 shares of the company’s stock worth $329,000 after purchasing an additional 681 shares during the period. Darwin Wealth Management LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the 2nd quarter valued at $8,409,000. Raymond James Financial Inc. raised its stake 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 worth $177,115,000 after acquiring an additional 185,249 shares in the last quarter. Jane Street Group LLC bought a new stake in First Trust Low Duration Opportunities ETF in the 2nd quarter worth $890,000. Finally, Bank of America Corp DE lifted its position in shares of First Trust Low Duration Opportunities ETF by 18.0% in the 2nd quarter. Bank of America Corp DE now owns 1,630,521 shares of the company’s stock worth $80,319,000 after purchasing an additional 248,784 shares during the period.

First Trust Low Duration Opportunities ETF Stock Performance

NASDAQ:LMBS traded up $0.01 during mid-day trading on Friday, reaching $49.81. The stock had a trading volume of 390,827 shares, compared to its average volume of 558,829. The stock has a 50-day simple moving average of $49.85 and a two-hundred day simple moving average of $50.01. First Trust Low Duration Opportunities ETF has a 12 month low of $47.87 and a 12 month high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 25th will be paid a dividend of $0.17 per share. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Thursday, June 25th.

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.