Short Interest in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Declines By 31.5%

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) was the recipient of a significant drop in short interest in November. As of November 15th, there was short interest totalling 143,100 shares, a drop of 31.5% from the October 31st total of 209,000 shares. Based on an average daily volume of 515,200 shares, the days-to-cover ratio is presently 0.3 days.

First Trust Low Duration Opportunities ETF Trading Up 0.3 %

Shares of LMBS stock traded up $0.13 on Friday, reaching $48.97. The company’s stock had a trading volume of 143,204 shares, compared to its average volume of 478,352. The stock’s fifty day simple moving average is $48.95 and its 200-day simple moving average is $48.74. First Trust Low Duration Opportunities ETF has a 1 year low of $45.06 and a 1 year high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 21st were paid a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date of this dividend was Thursday, November 21st.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in LMBS. LPL Financial LLC raised its position in shares of First Trust Low Duration Opportunities ETF by 12.2% in the 3rd quarter. LPL Financial LLC now owns 8,560,709 shares of the company’s stock worth $422,985,000 after acquiring an additional 929,010 shares in the last quarter. Brookstone Capital Management lifted its position in shares of First Trust Low Duration Opportunities ETF by 2,052.6% during the second quarter. Brookstone Capital Management now owns 471,136 shares of the company’s stock valued at $22,944,000 after buying an additional 449,249 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 114.6% in the 1st quarter. Cetera Investment Advisers now owns 800,093 shares of the company’s stock valued at $38,604,000 after buying an additional 427,232 shares in the last quarter. Long Run Wealth Advisors LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF in the 3rd quarter worth approximately $10,901,000. Finally, Financial Enhancement Group LLC raised its stake in shares of First Trust Low Duration Opportunities ETF by 87.4% during the 3rd quarter. Financial Enhancement Group LLC now owns 442,405 shares of the company’s stock worth $21,258,000 after acquiring an additional 206,322 shares in the last quarter.

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.