First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Short Interest Update

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totalling 122,600 shares, a decrease of 21.9% from the September 30th total of 157,000 shares. Based on an average daily volume of 529,500 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of First Trust Low Duration Opportunities ETF

A number of hedge funds have recently modified their holdings of the stock. LPL Financial LLC boosted its position in First Trust Low Duration Opportunities ETF by 7.8% during the second quarter. LPL Financial LLC now owns 7,631,699 shares of the company’s stock worth $366,703,000 after purchasing an additional 550,017 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of First Trust Low Duration Opportunities ETF by 0.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,011,574 shares of the company’s stock valued at $96,656,000 after acquiring an additional 10,854 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of First Trust Low Duration Opportunities ETF by 1.6% in the second quarter. Envestnet Asset Management Inc. now owns 964,019 shares of the company’s stock valued at $46,321,000 after acquiring an additional 15,450 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of First Trust Low Duration Opportunities ETF by 17.5% in the second quarter. Cetera Investment Advisers now owns 940,225 shares of the company’s stock valued at $45,178,000 after acquiring an additional 140,132 shares in the last quarter. Finally, Raymond James & Associates lifted its position in shares of First Trust Low Duration Opportunities ETF by 6.0% in the third quarter. Raymond James & Associates now owns 809,835 shares of the company’s stock valued at $40,014,000 after acquiring an additional 45,961 shares in the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

Shares of LMBS stock opened at $48.76 on Monday. The stock’s 50-day simple moving average is $49.20 and its 200-day simple moving average is $48.58. 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 Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd will be paid a $0.17 dividend. The ex-dividend date is Tuesday, October 22nd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.18%.

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.