First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Short Interest Update

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) saw a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 143,100 shares, a decrease of 31.5% from the October 31st total of 209,000 shares. Based on an average daily volume of 515,200 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On First Trust Low Duration Opportunities ETF

Several hedge funds have recently modified their holdings of the company. LPL Financial LLC boosted its stake in shares of First Trust Low Duration Opportunities ETF by 12.2% during the 3rd quarter. LPL Financial LLC now owns 8,560,709 shares of the company’s stock worth $422,985,000 after acquiring an additional 929,010 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in First Trust Low Duration Opportunities ETF by 0.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 2,011,574 shares of the company’s stock valued at $96,656,000 after buying an additional 10,854 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in First Trust Low Duration Opportunities ETF by 1.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 964,019 shares of the company’s stock valued at $46,321,000 after buying an additional 15,450 shares in the last quarter. Cetera Investment Advisers lifted its stake in First Trust Low Duration Opportunities ETF by 17.5% in the 2nd quarter. Cetera Investment Advisers now owns 940,225 shares of the company’s stock valued at $45,178,000 after buying an additional 140,132 shares in the last quarter. Finally, Raymond James & Associates lifted its stake in First Trust Low Duration Opportunities ETF by 6.0% in the 3rd quarter. Raymond James & Associates now owns 809,835 shares of the company’s stock valued at $40,014,000 after buying an additional 45,961 shares in the last quarter.

First Trust Low Duration Opportunities ETF Trading Up 0.3 %

Shares of LMBS stock traded up $0.13 during mid-day trading on Friday, hitting $48.97. 143,204 shares of the stock were exchanged, compared to its average volume of 478,352. The firm has a fifty day moving average of $48.95 and a 200 day moving average of $48.74. First Trust Low Duration Opportunities ETF has a 52-week low of $45.06 and a 52-week high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 21st were paid a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend was Thursday, November 21st.

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.