First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Short Interest Down 59.9% in August

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) was the target of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 33,149 shares, a decline of 59.9% from the July 30th total of 82,563 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 423,148 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Kirkwood Financial Services acquired a new stake in shares of First Trust Low Duration Opportunities ETF in the 2nd quarter valued at $6,337,000. Ameritas Advisory Services LLC raised its holdings in First Trust Low Duration Opportunities ETF by 58.5% during the second quarter. Ameritas Advisory Services LLC now owns 165,085 shares of the company’s stock valued at $8,218,000 after buying an additional 60,927 shares in the last quarter. Kintra Wealth LLC bought a new position in First Trust Low Duration Opportunities ETF during the second quarter valued at about $1,082,000. PCG Wealth Advisors LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF in the second quarter worth about $298,000. Finally, Endeavor Private Wealth Inc. boosted its stake in shares of First Trust Low Duration Opportunities ETF by 9.0% during the 2nd quarter. Endeavor Private Wealth Inc. now owns 47,338 shares of the company’s stock worth $2,357,000 after acquiring an additional 3,900 shares in the last quarter.

First Trust Low Duration Opportunities ETF Trading Down 0.1%

NASDAQ:LMBS traded down $0.04 during mid-day trading on Friday, reaching $49.54. The stock had a trading volume of 445,260 shares, compared to its average volume of 545,633. The business’s 50 day moving average is $49.65 and its 200 day moving average is $49.87. First Trust Low Duration Opportunities ETF has a fifty-two week low of $47.87 and a fifty-two week high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 21st will be paid a dividend of $0.17 per share. The ex-dividend date is Friday, August 21st. This represents a c) annualized dividend and a dividend yield of 4.1%.

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.