First Trust AAA CMBS ETF (NYSEARCA:CAAA) Stock Short Interest Declines 51.9%

First Trust AAA CMBS ETF (NYSEARCA:CAAA) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 1,424 shares, a decline of 51.9% from the August 31st total of 2,961 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 4,379 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On First Trust AAA CMBS ETF

Institutional investors have recently bought and sold shares of the stock. STAR Financial Bank increased its position in First Trust AAA CMBS ETF by 27.2% during the fourth quarter. STAR Financial Bank now owns 441,039 shares of the company’s stock worth $9,041,000 after purchasing an additional 94,432 shares during the last quarter. Platform Technology Partners boosted its holdings in shares of First Trust AAA CMBS ETF by 58.3% in the 1st quarter. Platform Technology Partners now owns 94,307 shares of the company’s stock valued at $1,914,000 after purchasing an additional 34,737 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in shares of First Trust AAA CMBS ETF in the 1st quarter valued at $1,744,000.

First Trust AAA CMBS ETF Trading Down 0.2%

Shares of NYSEARCA CAAA traded down $0.03 on Tuesday, reaching $19.72. 3,257 shares of the company traded hands, compared to its average volume of 8,732. First Trust AAA CMBS ETF has a fifty-two week low of $19.70 and a fifty-two week high of $20.85. The company has a 50 day moving average of $20.10 and a 200 day moving average of $20.24.

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.