First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Sees Significant Growth in Short Interest

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) saw a significant growth in short interest in December. As of December 31st, there was short interest totaling 96,339 shares, a growth of 33.0% from the December 15th total of 72,442 shares. Based on an average daily trading volume, of 578,393 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 578,393 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On First Trust Low Duration Opportunities ETF

Hedge funds have recently bought and sold shares of the stock. Elevation Point Wealth Partners LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the 3rd quarter valued at $22,376,000. Bank of America Corp DE lifted its stake in 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 worth $80,319,000 after purchasing an additional 248,784 shares during the last quarter. Vestmark Advisory Solutions Inc. lifted its stake in First Trust Low Duration Opportunities ETF by 66.7% during the third quarter. Vestmark Advisory Solutions Inc. now owns 605,360 shares of the company’s stock worth $30,141,000 after purchasing an additional 242,154 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 6.0% in the 3rd quarter. Raymond James Financial Inc. now owns 3,810,418 shares of the company’s stock worth $189,721,000 after purchasing an additional 214,907 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its position in shares of First Trust Low Duration Opportunities ETF by 139.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 305,634 shares of the company’s stock valued at $15,056,000 after purchasing an additional 177,987 shares during the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

First Trust Low Duration Opportunities ETF stock traded down $0.03 during midday trading on Monday, hitting $50.22. 1,189,512 shares of the company’s stock were exchanged, compared to its average volume of 903,119. The stock has a 50-day moving average price of $50.03 and a two-hundred day moving average price of $49.79. First Trust Low Duration Opportunities ETF has a 52-week low of $48.37 and a 52-week high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a $0.17 dividend. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Friday, December 12th.

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.