First Trust Low Duration Opportunities ETF (NASDAQ:LMBS – Get Free Report) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 82,563 shares, a drop of 45.9% from the July 15th total of 152,711 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 430,194 shares, the days-to-cover ratio is currently 0.2 days.
First Trust Low Duration Opportunities ETF Trading Down 0.0%
LMBS traded down $0.01 during trading on Monday, reaching $49.68. 295,977 shares of the company’s stock were exchanged, compared to its average volume of 552,670. 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 moving average price of $49.69 and a two-hundred day moving average price of $49.90.
First Trust Low Duration Opportunities ETF Announces Dividend
The firm also recently disclosed a monthly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 21st were paid a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, July 21st. This represents a c) annualized dividend and a dividend yield of 4.1%.
Institutional Inflows and Outflows
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.
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