First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Short Interest Up 632.1% in July

by · The Markets Daily

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS – Get Free Report) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 152,711 shares, a growth of 632.1% from the June 30th total of 20,860 shares. Based on an average trading volume of 684,995 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

First Trust Low Duration Opportunities ETF Trading Up 0.0%

Shares of LMBS stock opened at $49.37 on Friday. The company has a fifty day moving average price of $49.74 and a two-hundred day moving average price of $49.96. First Trust Low Duration Opportunities ETF has a one year low of $47.87 and a one year high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 21st will be issued a $0.17 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Tuesday, July 21st.

Institutional Investors Weigh In On First Trust Low Duration Opportunities ETF

Several hedge funds have recently bought and sold shares of the company. Palisade Asset Management LLC acquired a new position in First Trust Low Duration Opportunities ETF during the third quarter worth approximately $26,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of First Trust Low Duration Opportunities ETF in the first quarter valued at approximately $35,000. Bank of Montreal Can lifted its position in shares of First Trust Low Duration Opportunities ETF by 169.0% in the fourth quarter. Bank of Montreal Can now owns 737 shares of the company’s stock valued at $37,000 after buying an additional 463 shares during the last quarter. Hazlett Burt & Watson Inc. boosted its stake in shares of First Trust Low Duration Opportunities ETF by 38.5% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 900 shares of the company’s stock worth $44,000 after acquiring an additional 250 shares during the period. Finally, Motiv8 Investments LLC bought a new position in shares of First Trust Low Duration Opportunities ETF during the 4th quarter worth approximately $56,000.

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.

See Also