First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Short Interest Down 37.2% in December

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) saw a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 98,800 shares, a decrease of 37.2% from the December 15th total of 157,200 shares. Based on an average daily volume of 485,500 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On First Trust Low Duration Opportunities ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Hershey Financial Advisers LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF in the 2nd quarter worth about $30,000. Riggs Asset Managment Co. Inc. bought a new position in First Trust Low Duration Opportunities ETF in the 3rd quarter worth about $76,000. Prospera Private Wealth LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF in the third quarter valued at approximately $79,000. Pinnacle Bancorp Inc. raised its holdings in shares of First Trust Low Duration Opportunities ETF by 23.4% during the third quarter. Pinnacle Bancorp Inc. now owns 3,226 shares of the company’s stock valued at $159,000 after buying an additional 611 shares during the last quarter. Finally, Proactive Wealth Strategies LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF during the third quarter worth approximately $203,000.

First Trust Low Duration Opportunities ETF Trading Down 0.1 %

Shares of First Trust Low Duration Opportunities ETF stock opened at $48.39 on Tuesday. First Trust Low Duration Opportunities ETF has a twelve month low of $45.06 and a twelve month high of $51.49. The business’s 50 day simple moving average is $48.72 and its 200-day simple moving average is $48.86.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $0.17 dividend. This represents a $2.04 annualized dividend and a yield of 4.22%. The ex-dividend date of this dividend was Friday, December 13th.

First Trust Low Duration Opportunities ETF Company Profile

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.