First Trust AAA CMBS ETF (NYSEARCA:CAAA – Get Free Report) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 7,017 shares, an increase of 54.2% from the July 15th total of 4,550 shares. Based on an average daily volume of 4,999 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.4% of the shares of the stock are short sold.
First Trust AAA CMBS ETF Stock Performance
Shares of First Trust AAA CMBS ETF stock opened at $20.23 on Tuesday. First Trust AAA CMBS ETF has a 12-month low of $20.05 and a 12-month high of $20.85. The company has a 50-day simple moving average of $20.24 and a 200 day simple moving average of $20.34.
Institutional Trading of First Trust AAA CMBS ETF
Several hedge funds have recently modified their holdings of CAAA. Geneos Wealth Management Inc. grew its holdings 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 during the last quarter. International Assets Investment Management LLC acquired a new position in First Trust AAA CMBS ETF during the 4th quarter worth about $78,000. Compass Financial Management LLC bought a new stake in First Trust AAA CMBS ETF during the 2nd quarter worth about $180,000. Citadel Advisors LLC bought a new stake in First Trust AAA CMBS ETF during the 3rd quarter worth about $313,000. Finally, Jane Street Group LLC acquired a new stake in First Trust AAA CMBS ETF in the 1st quarter valued at about $435,000.
About First Trust AAA CMBS ETF
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.
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