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

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) was the recipient of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 202,700 shares, a decrease of 11.2% from the October 15th total of 228,300 shares. Based on an average daily volume of 625,000 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its position in First Trust Low Duration Opportunities ETF by 137.7% in the first quarter. Bank of New York Mellon Corp now owns 20,469 shares of the company’s stock valued at $1,002,000 after purchasing an additional 11,859 shares during the period. Raymond James Trust N.A. lifted its position in First Trust Low Duration Opportunities ETF by 32.5% in the first quarter. Raymond James Trust N.A. now owns 18,059 shares of the company’s stock valued at $884,000 after buying an additional 4,427 shares during the last quarter. Moors & Cabot Inc. boosted its stake in First Trust Low Duration Opportunities ETF by 27.9% during the first quarter. Moors & Cabot Inc. now owns 18,656 shares of the company’s stock worth $913,000 after buying an additional 4,073 shares during the period. Baird Financial Group Inc. boosted its stake in First Trust Low Duration Opportunities ETF by 2.1% during the first quarter. Baird Financial Group Inc. now owns 696,622 shares of the company’s stock worth $34,100,000 after buying an additional 14,231 shares during the period. Finally, NewEdge Advisors LLC increased its position in shares of First Trust Low Duration Opportunities ETF by 53.3% during the first quarter. NewEdge Advisors LLC now owns 313,633 shares of the company’s stock valued at $15,352,000 after acquiring an additional 109,087 shares during the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

First Trust Low Duration Opportunities ETF stock traded up $0.03 during midday trading on Friday, hitting $47.38. 367,791 shares of the stock were exchanged, compared to its average volume of 654,384. The stock’s 50-day simple moving average is $47.15 and its 200 day simple moving average is $47.51. First Trust Low Duration Opportunities ETF has a fifty-two week low of $46.58 and a fifty-two week high of $48.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Wednesday, October 25th were issued a dividend of $0.205 per share. The ex-dividend date of this dividend was Tuesday, October 24th. This represents a $2.46 dividend on an annualized basis and a dividend yield of 5.19%.

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.