First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Short Interest Up 632.1% in July

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 152,711 shares, an increase of 632.1% from the June 30th total of 20,860 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 684,995 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Heck Capital Advisors LLC boosted its stake in shares of First Trust Low Duration Opportunities ETF by 6.0% in the 2nd quarter. Heck Capital Advisors LLC now owns 559,940 shares of the company’s stock valued at $27,874,000 after purchasing an additional 31,562 shares in the last quarter. City Holding Co. lifted its holdings in First Trust Low Duration Opportunities ETF by 4.1% during the 2nd quarter. City Holding Co. now owns 57,711 shares of the company’s stock valued at $2,872,000 after purchasing an additional 2,276 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in First Trust Low Duration Opportunities ETF by 7.5% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 64,986 shares of the company’s stock valued at $3,235,000 after purchasing an additional 4,556 shares during the last quarter. IFC & Insurance Marketing Inc. lifted its holdings in First Trust Low Duration Opportunities ETF by 6.9% during the 2nd quarter. IFC & Insurance Marketing Inc. now owns 40,133 shares of the company’s stock valued at $1,998,000 after purchasing an additional 2,588 shares during the last quarter. Finally, Adamsbrown Wealth Consultants LLC boosted its position in First Trust Low Duration Opportunities ETF by 2.5% in the second quarter. Adamsbrown Wealth Consultants LLC now owns 258,802 shares of the company’s stock valued at $12,883,000 after buying an additional 6,396 shares in the last quarter.

First Trust Low Duration Opportunities ETF Trading Down 0.0%

Shares of LMBS stock opened at $49.37 on Monday. First Trust Low Duration Opportunities ETF has a 12 month low of $47.87 and a 12 month high of $51.98. The business’s 50 day moving average is $49.74 and its two-hundred day moving average is $49.96.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, July 21st will be paid a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, July 21st. This represents a c) annualized dividend and a yield of 4.1%.

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.