First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Short Interest Update

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) saw a large decrease in short interest in the month of October. As of October 15th, there was short interest totalling 122,600 shares, a decrease of 21.9% from the September 30th total of 157,000 shares. Based on an average daily volume of 529,500 shares, the short-interest ratio is presently 0.2 days.

First Trust Low Duration Opportunities ETF Stock Performance

First Trust Low Duration Opportunities ETF stock traded down $0.06 during trading hours on Wednesday, reaching $48.66. 290,533 shares of the company’s stock traded hands, compared to its average volume of 476,953. First Trust Low Duration Opportunities ETF has a fifty-two week low of $45.06 and a fifty-two week high of $51.49. The firm’s 50 day moving average is $49.19 and its 200-day moving average is $48.59.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $2.04 dividend on an annualized basis and a yield of 4.19%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. FARMERS & MERCHANTS TRUST Co OF LONG BEACH bought a new stake in shares of First Trust Low Duration Opportunities ETF in the 1st quarter valued at about $530,000. Iams Wealth Management LLC increased its stake in shares of First Trust Low Duration Opportunities ETF by 7.5% in the 1st quarter. Iams Wealth Management LLC now owns 74,981 shares of the company’s stock valued at $3,602,000 after acquiring an additional 5,253 shares during the last quarter. TCP Asset Management LLC increased its stake in shares of First Trust Low Duration Opportunities ETF by 31.7% in the 1st quarter. TCP Asset Management LLC now owns 127,951 shares of the company’s stock valued at $6,174,000 after acquiring an additional 30,825 shares during the last quarter. Core Wealth Partners LLC increased its stake in shares of First Trust Low Duration Opportunities ETF by 67.5% in the 1st quarter. Core Wealth Partners LLC now owns 8,307 shares of the company’s stock valued at $401,000 after acquiring an additional 3,349 shares during the last quarter. Finally, Edge Financial Advisors LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF in the 1st quarter valued at about $591,000.

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.