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

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) saw a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 98,800 shares, a decrease of 37.2% from the December 31st total of 157,200 shares. Based on an average trading volume of 485,500 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On First Trust Low Duration Opportunities ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LMBS. LPL Financial LLC grew its position in First Trust Low Duration Opportunities ETF by 12.2% in the third quarter. LPL Financial LLC now owns 8,560,709 shares of the company’s stock worth $422,985,000 after acquiring an additional 929,010 shares in the last quarter. Fairvoy Private Wealth LLC bought a new stake in First Trust Low Duration Opportunities ETF in the fourth quarter worth $11,777,000. Long Run Wealth Advisors LLC acquired a new position in First Trust Low Duration Opportunities ETF during the third quarter worth $10,901,000. Financial Enhancement Group LLC raised its holdings in First Trust Low Duration Opportunities ETF by 87.4% during the third quarter. Financial Enhancement Group LLC now owns 442,405 shares of the company’s stock valued at $21,258,000 after buying an additional 206,322 shares in the last quarter. Finally, Foundations Investment Advisors LLC lifted its position in shares of First Trust Low Duration Opportunities ETF by 449.3% in the third quarter. Foundations Investment Advisors LLC now owns 243,998 shares of the company’s stock worth $12,056,000 after buying an additional 199,575 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Down 0.0 %

LMBS stock traded down $0.01 on Wednesday, hitting $48.69. 52,042 shares of the company’s stock traded hands, compared to its average volume of 557,568. First Trust Low Duration Opportunities ETF has a 1-year low of $45.06 and a 1-year high of $51.49. The stock has a fifty day moving average of $48.70 and a 200-day moving average of $48.89.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.19%.

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.