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

First Trust Low Duration Opportunities ETF (NASDAQ:LMBSGet 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

Several large investors have recently bought and sold shares of LMBS. Friedenthal Financial boosted its position in shares of First Trust Low Duration Opportunities ETF by 118.8% during the 4th quarter. Friedenthal Financial now owns 165,186 shares of the company’s stock worth $8,258,000 after acquiring an additional 89,706 shares in the last quarter. Atwood & Palmer Inc. boosted its position in shares of First Trust Low Duration Opportunities ETF by 85.6% during the 4th quarter. Atwood & Palmer Inc. now owns 30,825 shares of the company’s stock worth $1,541,000 after purchasing an additional 14,220 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in First Trust Low Duration Opportunities ETF by 23.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 314,039 shares of the company’s stock worth $15,699,000 after purchasing an additional 59,371 shares during the last quarter. MGO One Seven LLC increased its stake in shares of First Trust Low Duration Opportunities ETF by 1,972.0% during the 4th quarter. MGO One Seven LLC now owns 121,359 shares of the company’s stock worth $6,067,000 after purchasing an additional 115,502 shares in the last quarter. Finally, Summit Wealth Group LLC Co. purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the fourth quarter worth about $539,000.

About First Trust Low Duration Opportunities ETF

(Get Free Report)

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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