First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Short Interest Up 23.6% in April

by · The Cerbat Gem

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS – Get Free Report) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 156,505 shares, an increase of 23.6% from the March 31st total of 126,614 shares. Based on an average daily volume of 599,635 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are sold short.

First Trust Low Duration Opportunities ETF Trading Up 0.1%

Shares of LMBS stock traded up $0.03 during trading on Friday, reaching $49.88. The company’s stock had a trading volume of 442,159 shares, compared to its average volume of 600,884. First Trust Low Duration Opportunities ETF has a 1-year low of $48.45 and a 1-year high of $51.98. The stock’s 50-day moving average price is $50.04 and its 200 day moving average price is $50.06.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, April 21st were paid a $0.17 dividend. The ex-dividend date was Tuesday, April 21st. This represents a c) annualized dividend and a dividend yield of 4.1%.

Institutional Trading of First Trust Low Duration Opportunities ETF

Several hedge funds have recently modified their holdings of LMBS. Morgan Stanley boosted its holdings in First Trust Low Duration Opportunities ETF by 2.5% in the fourth quarter. Morgan Stanley now owns 14,150,597 shares of the company’s stock valued at $707,388,000 after purchasing an additional 338,741 shares during the period. Wells Fargo & Company MN increased its holdings in First Trust Low Duration Opportunities ETF by 1.6% during the 4th quarter. Wells Fargo & Company MN now owns 5,522,020 shares of the company’s stock worth $276,046,000 after purchasing an additional 87,626 shares during the period. Raymond James Financial Inc. increased its holdings in First Trust Low Duration Opportunities ETF by 6.7% during the 4th quarter. Raymond James Financial Inc. now owns 4,066,736 shares of the company’s stock worth $203,296,000 after purchasing an additional 256,318 shares during the period. Royal Bank of Canada raised its position in First Trust Low Duration Opportunities ETF by 7.5% in the 4th quarter. Royal Bank of Canada now owns 2,870,141 shares of the company’s stock valued at $143,479,000 after purchasing an additional 199,486 shares in the last quarter. Finally, Bank of America Corp DE raised its position in First Trust Low Duration Opportunities ETF by 15.1% in the 3rd quarter. Bank of America Corp DE now owns 1,877,318 shares of the company’s stock valued at $93,472,000 after purchasing an additional 246,797 shares in the last quarter.

First Trust Low Duration Opportunities ETF Company Profile

(Get Free Report)

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.

Featured Stories