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

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS – Get Free Report) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 14,607 shares, a decline of 89.7% from the May 31st total of 142,052 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 432,197 shares, the days-to-cover ratio is currently 0.0 days.

First Trust Low Duration Opportunities ETF Stock Up 0.0%

Shares of NASDAQ:LMBS traded up $0.02 during trading on Friday, hitting $49.82. The stock had a trading volume of 227,962 shares, compared to its average volume of 557,382. First Trust Low Duration Opportunities ETF has a 12 month low of $47.87 and a 12 month high of $51.98. The firm’s fifty day moving average is $49.86 and its 200 day moving average is $50.01.

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First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 25th will be paid a $0.17 dividend. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Thursday, June 25th.

Hedge Funds Weigh In On First Trust Low Duration Opportunities ETF

A number of institutional investors have recently added to or reduced their stakes in LMBS. Palisade Asset Management LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF during the 3rd quarter valued at $26,000. Whittier Trust Co. of Nevada Inc. bought a new position in shares of First Trust Low Duration Opportunities ETF in the 1st quarter worth about $35,000. Bank of Montreal Can increased its stake in shares of First Trust Low Duration Opportunities ETF by 169.0% in the 4th quarter. Bank of Montreal Can now owns 737 shares of the company’s stock worth $37,000 after acquiring an additional 463 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its position in First Trust Low Duration Opportunities ETF by 38.5% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 900 shares of the company’s stock valued at $44,000 after acquiring an additional 250 shares during the period. Finally, Motiv8 Investments LLC purchased a new position in First Trust Low Duration Opportunities ETF during the 4th quarter valued at about $56,000.

First Trust Low Duration Opportunities ETF Company Profile

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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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