First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Sees Large Decline in Short Interest

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) was the recipient of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 82,563 shares, a decline of 45.9% from the July 15th total of 152,711 shares. Based on an average trading volume of 430,194 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of First Trust Low Duration Opportunities ETF stock opened at $49.69 on Wednesday. The company’s 50 day moving average price is $49.69 and its two-hundred day moving average price is $49.90. First Trust Low Duration Opportunities ETF has a fifty-two week low of $47.87 and a fifty-two week high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 21st were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, July 21st. This represents a c) annualized dividend and a dividend yield of 4.1%.

Hedge Funds Weigh In On First Trust Low Duration Opportunities ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Palisade Asset Management LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF during the third quarter worth about $26,000. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of First Trust Low Duration Opportunities ETF in the first quarter valued at approximately $35,000. Bank of Montreal Can raised its holdings in First Trust Low Duration Opportunities ETF by 169.0% in the 4th quarter. Bank of Montreal Can now owns 737 shares of the company’s stock valued at $37,000 after buying an additional 463 shares during the last quarter. Hazlett Burt & Watson Inc. raised its holdings in First Trust Low Duration Opportunities ETF by 38.5% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 900 shares of the company’s stock valued at $44,000 after buying an additional 250 shares during the last quarter. Finally, Motiv8 Investments LLC acquired a new stake in First Trust Low Duration Opportunities ETF during the 4th quarter worth approximately $56,000.

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.