First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Short Interest Up 49.2% in March

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) saw a large increase in short interest in March. As of March 13th, there was short interest totaling 214,938 shares, an increase of 49.2% from the February 26th total of 144,029 shares. Based on an average trading volume of 494,048 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Trading of First Trust Low Duration Opportunities ETF

Hedge funds have recently bought and sold shares of the stock. Palisade Asset Management LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF in the 3rd quarter valued at $26,000. CX Institutional purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the 3rd quarter worth $28,000. Financial Network Wealth Advisors LLC bought a new stake in First Trust Low Duration Opportunities ETF during the third quarter valued at about $29,000. Hollencrest Capital Management purchased a new position in First Trust Low Duration Opportunities ETF in the second quarter valued at about $31,000. Finally, Hazlett Burt & Watson Inc. grew its stake in First Trust Low Duration Opportunities ETF by 160.0% in the third quarter. Hazlett Burt & Watson Inc. now owns 650 shares of the company’s stock valued at $32,000 after purchasing an additional 400 shares during the last quarter.

First Trust Low Duration Opportunities ETF Trading Down 0.0%

Shares of NASDAQ:LMBS traded down $0.02 during trading hours on Friday, hitting $49.55. The company’s stock had a trading volume of 521,971 shares, compared to its average volume of 621,271. The firm’s fifty day moving average price is $50.16 and its 200 day moving average price is $50.05. First Trust Low Duration Opportunities ETF has a 52 week low of $48.37 and a 52 week high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 26th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Thursday, March 26th. This represents a c) dividend on an annualized basis and a yield of 4.1%.

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.