First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Short Interest Up 68.6% in September

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 157,000 shares, a growth of 68.6% from the September 15th total of 93,100 shares. Based on an average trading volume of 533,100 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On First Trust Low Duration Opportunities ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Palisade Asset Management LLC purchased a new position in First Trust Low Duration Opportunities ETF during the first quarter valued at $25,000. Hershey Financial Advisers LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF in the second quarter valued at about $30,000. Hilltop National Bank purchased a new position in shares of First Trust Low Duration Opportunities ETF in the second quarter valued at about $42,000. Chris Bulman Inc purchased a new position in shares of First Trust Low Duration Opportunities ETF in the second quarter valued at about $43,000. Finally, Triad Wealth Partners LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF in the second quarter valued at about $44,000.

First Trust Low Duration Opportunities ETF Trading Up 0.0 %

NASDAQ LMBS opened at $49.11 on Friday. The business’s fifty day moving average is $49.20 and its 200 day moving average is $48.51. First Trust Low Duration Opportunities ETF has a fifty-two week low of $45.06 and a fifty-two week high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $2.04 annualized dividend and a yield of 4.15%.

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.