First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Short Interest Up 33.0% in December

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 96,339 shares, a growth of 33.0% from the December 15th total of 72,442 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 578,393 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 578,393 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of LMBS traded down $0.03 during trading hours on Friday, hitting $50.22. The stock had a trading volume of 1,189,512 shares, compared to its average volume of 903,119. The firm has a 50-day moving average price of $50.03 and a 200 day moving average price of $49.78. First Trust Low Duration Opportunities ETF has a fifty-two week low of $48.37 and a fifty-two week high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a dividend of $0.17 per share. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Friday, December 12th.

Hedge Funds Weigh In On First Trust Low Duration Opportunities ETF

Several institutional investors and hedge funds have recently modified their holdings of LMBS. CoreCap Advisors LLC grew its position in First Trust Low Duration Opportunities ETF by 16.6% in the third quarter. CoreCap Advisors LLC now owns 99,346 shares of the company’s stock worth $4,946,000 after acquiring an additional 14,151 shares during the period. Cerity Partners LLC lifted its stake in shares of First Trust Low Duration Opportunities ETF by 6.1% in the 3rd quarter. Cerity Partners LLC now owns 431,911 shares of the company’s stock valued at $21,505,000 after purchasing an additional 24,782 shares during the last quarter. Centennial Wealth Advisory LLC lifted its stake in shares of First Trust Low Duration Opportunities ETF by 53.1% in the 3rd quarter. Centennial Wealth Advisory LLC now owns 126,788 shares of the company’s stock valued at $6,313,000 after purchasing an additional 43,952 shares during the last quarter. Insight Inv LLC grew its holdings in shares of First Trust Low Duration Opportunities ETF by 48.1% during the 3rd quarter. Insight Inv LLC now owns 38,167 shares of the company’s stock worth $1,900,000 after purchasing an additional 12,397 shares during the period. Finally, Ashton Thomas Private Wealth LLC increased its position in shares of First Trust Low Duration Opportunities ETF by 6.1% during the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 128,132 shares of the company’s stock worth $6,312,000 after purchasing an additional 7,333 shares during the last quarter.

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.