First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Short Interest Up 98.7% in August

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 65,859 shares, an increase of 98.7% from the August 15th total of 33,149 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 408,497 shares, the short-interest ratio is currently 0.2 days.

First Trust Low Duration Opportunities ETF Trading Down 0.1%

LMBS traded down $0.04 on Wednesday, reaching $49.10. 602,084 shares of the company traded hands, compared to its average volume of 545,534. First Trust Low Duration Opportunities ETF has a one year low of $47.87 and a one year high of $51.98. The firm has a fifty day simple moving average of $49.55 and a two-hundred day simple moving average of $49.78.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 21st were paid a dividend of $0.17 per share. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Friday, August 21st.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada raised its position in First Trust Low Duration Opportunities ETF by 13.0% during the 1st quarter. Royal Bank of Canada now owns 3,242,866 shares of the company’s stock valued at $161,527,000 after purchasing an additional 372,725 shares in the last quarter. Cetera Investment Advisers lifted its stake in First Trust Low Duration Opportunities ETF by 7.2% in the first quarter. Cetera Investment Advisers now owns 2,551,727 shares of the company’s stock worth $127,102,000 after acquiring an additional 171,648 shares during the period. Bank of America Corp DE lifted its stake in First Trust Low Duration Opportunities ETF by 11.9% in the first quarter. Bank of America Corp DE now owns 2,001,550 shares of the company’s stock worth $99,697,000 after acquiring an additional 212,258 shares during the period. First Trust Advisors LP grew its holdings in First Trust Low Duration Opportunities ETF by 15.1% during the 1st quarter. First Trust Advisors LP now owns 1,520,880 shares of the company’s stock worth $75,755,000 after acquiring an additional 199,426 shares in the last quarter. Finally, HighTower Advisors LLC grew its holdings in First Trust Low Duration Opportunities ETF by 95.3% during the 4th quarter. HighTower Advisors LLC now owns 1,454,146 shares of the company’s stock worth $72,693,000 after acquiring an additional 709,693 shares in the last quarter.

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.