First Trust AAA CMBS ETF (NYSEARCA:CAAA) Sees Large Growth in Short Interest

First Trust AAA CMBS ETF (NYSEARCA:CAAA) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 2,961 shares, an increase of 135.0% from the August 15th total of 1,260 shares. Based on an average daily volume of 5,358 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On First Trust AAA CMBS ETF

A number of large investors have recently added to or reduced their stakes in the company. STAR Financial Bank lifted its stake 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. Prospera Financial Services Inc raised its holdings in shares of First Trust AAA CMBS ETF by 0.7% during the 4th quarter. Prospera Financial Services Inc now owns 296,939 shares of the company’s stock valued at $6,087,000 after buying an additional 1,941 shares in the last quarter. Platform Technology Partners raised its holdings in shares of First Trust AAA CMBS ETF by 58.3% during the 1st quarter. Platform Technology Partners now owns 94,307 shares of the company’s stock valued at $1,914,000 after buying an additional 34,737 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in First Trust AAA CMBS ETF in the 1st quarter worth approximately $1,744,000.

First Trust AAA CMBS ETF Price Performance

Shares of NYSEARCA:CAAA traded down $0.01 during trading on Tuesday, reaching $19.94. The company had a trading volume of 1,596 shares, compared to its average volume of 8,956. The company has a fifty day moving average of $20.18 and a two-hundred day moving average of $20.28. First Trust AAA CMBS ETF has a 12 month low of $19.92 and a 12 month high of $20.85.

First Trust AAA CMBS ETF Company Profile

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.