First Trust AAA CMBS ETF (NYSEARCA:CAAA) Sees Large Decline in Short Interest

First Trust AAA CMBS ETF (NYSEARCA:CAAA) saw a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 4,550 shares, a decrease of 85.0% from the June 30th total of 30,291 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 4,650 shares, the days-to-cover ratio is presently 1.0 days.

First Trust AAA CMBS ETF Price Performance

Shares of First Trust AAA CMBS ETF stock traded up $0.01 during trading hours on Friday, reaching $20.10. 8,976 shares of the company’s stock were exchanged, compared to its average volume of 9,893. First Trust AAA CMBS ETF has a 1 year low of $20.05 and a 1 year high of $20.85. The business has a fifty day moving average of $20.26 and a two-hundred day moving average of $20.38.

Institutional Investors Weigh In On First Trust AAA CMBS ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. lifted its position in shares of First Trust AAA CMBS ETF by 100.0% during the second quarter. Geneos Wealth Management Inc. now owns 3,000 shares of the company’s stock worth $61,000 after purchasing an additional 1,500 shares in the last quarter. Prospera Financial Services Inc increased its stake in First Trust AAA CMBS ETF by 0.7% during the 4th quarter. Prospera Financial Services Inc now owns 296,939 shares of the company’s stock worth $6,087,000 after buying an additional 1,941 shares during the period. International Assets Investment Management LLC purchased a new stake in First Trust AAA CMBS ETF during the 4th quarter worth approximately $78,000. Fearless Solutions LLC dba Best Invest acquired a new stake in First Trust AAA CMBS ETF during the 4th quarter worth approximately $215,000. Finally, Farther Finance Advisors LLC lifted its holdings in First Trust AAA CMBS ETF by 24.0% during the 4th quarter. Farther Finance Advisors LLC now owns 75,608 shares of the company’s stock worth $1,550,000 after buying an additional 14,619 shares in the last quarter.

First Trust AAA CMBS ETF Company Profile

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.