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

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 126,614 shares, a decline of 41.1% from the March 15th total of 214,938 shares. Based on an average daily trading volume, of 650,453 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On First Trust Low Duration Opportunities ETF

Several hedge funds and other institutional investors have recently modified their holdings of LMBS. Betterment LLC increased its position 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 last quarter. Darwin Wealth Management LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF in the 2nd quarter worth about $8,409,000. Raymond James Financial Inc. increased its position in shares of First Trust Low Duration Opportunities ETF by 5.4% in the 2nd quarter. Raymond James Financial Inc. now owns 3,595,511 shares of the company’s stock worth $177,115,000 after purchasing an additional 185,249 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF in the 2nd quarter worth about $890,000. Finally, Bank of America Corp DE increased 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 last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

First Trust Low Duration Opportunities ETF stock traded up $0.01 during midday trading on Wednesday, hitting $50.11. 853,205 shares of the stock were exchanged, compared to its average volume of 625,213. First Trust Low Duration Opportunities ETF has a 1 year low of $48.45 and a 1 year high of $51.98. The company has a 50 day moving average price of $50.12 and a two-hundred day moving average price of $50.05.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a $0.17 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a c) annualized dividend and a dividend 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.