Short Interest in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Declines By 39.3%

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) was the recipient of a significant decline in short interest in the month of June. As of June 30th, there was short interest totalling 65,700 shares, a decline of 39.3% from the June 15th total of 108,200 shares. Based on an average trading volume of 416,000 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On First Trust Low Duration Opportunities ETF

A number of hedge funds have recently modified their holdings of LMBS. Comerica Bank purchased a new position in shares of First Trust Low Duration Opportunities ETF in the third quarter valued at about $7,541,000. B. Riley Wealth Advisors Inc. boosted its stake in shares of First Trust Low Duration Opportunities ETF by 11.3% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 22,496 shares of the company’s stock valued at $1,063,000 after purchasing an additional 2,289 shares in the last quarter. Citigroup Inc. boosted its stake in shares of First Trust Low Duration Opportunities ETF by 10.7% during the 3rd quarter. Citigroup Inc. now owns 102,746 shares of the company’s stock valued at $4,854,000 after purchasing an additional 9,946 shares in the last quarter. EWG Elevate Inc. boosted its stake in shares of First Trust Low Duration Opportunities ETF by 1.8% during the 4th quarter. EWG Elevate Inc. now owns 198,643 shares of the company’s stock valued at $9,598,000 after purchasing an additional 3,479 shares in the last quarter. Finally, Capital CS Group LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF during the 4th quarter valued at about $462,000.

First Trust Low Duration Opportunities ETF Price Performance

Shares of LMBS stock traded up $0.10 during mid-day trading on Friday, reaching $48.66. The stock had a trading volume of 434,950 shares, compared to its average volume of 461,939. The stock’s 50-day moving average price is $48.14 and its two-hundred day moving average price is $48.13. First Trust Low Duration Opportunities ETF has a 52-week low of $46.58 and a 52-week high of $48.66.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were given a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date was Thursday, June 27th.

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.