First Trust AAA CMBS ETF (NYSEARCA:CAAA – Get Free Report) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 301 shares, a drop of 95.5% from the September 30th total of 6,667 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,364 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Inspirion Wealth Advisors LLC acquired a new stake in shares of First Trust AAA CMBS ETF in the 3rd quarter valued at $522,000. Farther Finance Advisors LLC grew its holdings in shares of First Trust AAA CMBS ETF by 14.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 88,382 shares of the company’s stock worth $1,742,000 after purchasing an additional 11,342 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of First Trust AAA CMBS ETF during the 1st quarter worth about $1,744,000. Finally, Platform Technology Partners increased its position in shares of First Trust AAA CMBS ETF by 58.3% during the 1st quarter. Platform Technology Partners now owns 94,307 shares of the company’s stock worth $1,914,000 after purchasing an additional 34,737 shares in the last quarter.
First Trust AAA CMBS ETF Price Performance
CAAA stock traded down $0.03 during trading on Monday, hitting $19.79. The company had a trading volume of 4,157 shares, compared to its average volume of 8,359. The company has a fifty day moving average price of $19.94 and a two-hundred day moving average price of $20.26. First Trust AAA CMBS ETF has a fifty-two week low of $19.65 and a fifty-two week high of $20.85.
About First Trust AAA CMBS ETF
The First Trust Commercial Mortgage Opportunities ETF (CAAA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that primarily invests in commercial mortgage-backed securities with a credit rating of AAA. The fund seeks to provide long-term total return CAAA was launched on Feb 27, 2024 and is issued by First Trust.
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