First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Sees Large Growth in Short Interest

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) was the recipient of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 110,908 shares, a growth of 38.7% from the January 15th total of 79,977 shares. Based on an average trading volume of 707,709 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are short sold. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 707,709 shares, the short-interest ratio is presently 0.2 days.

First Trust Low Duration Opportunities ETF Price Performance

LMBS stock traded up $0.01 during mid-day trading on Tuesday, reaching $50.44. The company had a trading volume of 143,714 shares, compared to its average volume of 694,990. The firm has a 50 day moving average of $50.10 and a 200 day moving average of $49.93. First Trust Low Duration Opportunities ETF has a 12 month low of $48.37 and a 12 month high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, January 21st. This represents a c) dividend on an annualized basis and a yield of 4.0%.

Hedge Funds Weigh In On First Trust Low Duration Opportunities ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in LMBS. Private Advisor Group LLC boosted its holdings in First Trust Low Duration Opportunities ETF by 90.3% in the fourth quarter. Private Advisor Group LLC now owns 544,981 shares of the company’s stock worth $27,244,000 after acquiring an additional 258,642 shares in the last quarter. Captrust Financial Advisors grew its position in First Trust Low Duration Opportunities ETF by 7.6% during the 4th quarter. Captrust Financial Advisors now owns 115,583 shares of the company’s stock worth $5,778,000 after purchasing an additional 8,151 shares during the last quarter. &PARTNERS increased its stake in First Trust Low Duration Opportunities ETF by 4.9% during the 4th quarter. &PARTNERS now owns 403,411 shares of the company’s stock valued at $20,173,000 after purchasing an additional 19,004 shares in the last quarter. Blair William & Co. IL raised its holdings in shares of First Trust Low Duration Opportunities ETF by 416.1% in the fourth quarter. Blair William & Co. IL now owns 3,391 shares of the company’s stock worth $170,000 after buying an additional 2,734 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake in shares of First Trust Low Duration Opportunities ETF by 7.5% during the fourth quarter. Royal Bank of Canada now owns 2,870,141 shares of the company’s stock worth $143,479,000 after buying an additional 199,486 shares during the period.

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.