Short Interest in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Increases By 23.6%

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totaling 156,505 shares, an increase of 23.6% from the March 31st total of 126,614 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 599,635 shares, the short-interest ratio is presently 0.3 days.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of NASDAQ:LMBS traded up $0.03 during trading on Friday, reaching $49.88. The stock had a trading volume of 442,159 shares, compared to its average volume of 600,884. The business has a fifty day moving average price of $50.04 and a 200-day moving average price of $50.06. First Trust Low Duration Opportunities ETF has a 1-year low of $48.45 and a 1-year high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, April 21st were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, April 21st. This represents a c) dividend on an annualized basis and a yield of 4.1%.

Hedge Funds Weigh In On First Trust Low Duration Opportunities ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LMBS. Fifth Third Bancorp purchased a new stake in shares of First Trust Low Duration Opportunities ETF in the 1st quarter valued at $9,768,000. Sovran Advisors LLC raised its holdings in shares of First Trust Low Duration Opportunities ETF by 17.8% in the 1st quarter. Sovran Advisors LLC now owns 122,572 shares of the company’s stock valued at $6,110,000 after buying an additional 18,549 shares during the period. Darwin Wealth Management LLC raised its holdings in shares of First Trust Low Duration Opportunities ETF by 6.7% in the 1st quarter. Darwin Wealth Management LLC now owns 186,130 shares of the company’s stock valued at $9,271,000 after buying an additional 11,669 shares during the period. Simplicity Wealth LLC raised its holdings in shares of First Trust Low Duration Opportunities ETF by 36.4% in the 1st quarter. Simplicity Wealth LLC now owns 20,043 shares of the company’s stock valued at $998,000 after buying an additional 5,352 shares during the period. Finally, Weitzel Financial Services Inc. raised its holdings in shares of First Trust Low Duration Opportunities ETF by 5.5% in the 1st quarter. Weitzel Financial Services Inc. now owns 263,945 shares of the company’s stock valued at $13,036,000 after buying an additional 13,816 shares during the period.

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.