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

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) saw a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 44,900 shares, a drop of 58.1% from the February 28th total of 107,200 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 486,100 shares, the short-interest ratio is presently 0.1 days.

First Trust Low Duration Opportunities ETF Stock Performance

LMBS traded up $0.12 on Friday, reaching $49.15. The company’s stock had a trading volume of 520,421 shares, compared to its average volume of 474,546. The stock has a 50 day moving average of $48.91 and a two-hundred day moving average of $48.91. First Trust Low Duration Opportunities ETF has a fifty-two week low of $45.06 and a fifty-two week high of $51.49.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be paid a $0.17 dividend. The ex-dividend date is Thursday, March 27th. This represents a $2.04 annualized dividend and a dividend yield of 4.15%.

Institutional Investors Weigh In On First Trust Low Duration Opportunities ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Farmers & Merchants Investments Inc. purchased a new stake in First Trust Low Duration Opportunities ETF in the 4th quarter valued at approximately $47,000. Riggs Asset Managment Co. Inc. lifted its stake in shares of First Trust Low Duration Opportunities ETF by 16.2% during the fourth quarter. Riggs Asset Managment Co. Inc. now owns 1,793 shares of the company’s stock worth $87,000 after purchasing an additional 250 shares in the last quarter. Synergy Investment Management LLC purchased a new position in First Trust Low Duration Opportunities ETF in the 4th quarter worth approximately $116,000. Kestra Investment Management LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the fourth quarter valued at about $127,000. Finally, Marshall Investment Management LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF during the 4th quarter valued at approximately $131,000.

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.