First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Short Interest Up 412.9% in March

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 230,300 shares, a growth of 412.9% from the March 15th total of 44,900 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 531,700 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of First Trust Low Duration Opportunities ETF

Several large investors have recently modified their holdings of the stock. Farmers & Merchants Investments Inc. bought a new stake in First Trust Low Duration Opportunities ETF during the fourth quarter worth about $47,000. Riggs Asset Managment Co. Inc. boosted its position in shares of First Trust Low Duration Opportunities ETF by 16.2% during the 4th quarter. Riggs Asset Managment Co. Inc. now owns 1,793 shares of the company’s stock worth $87,000 after acquiring an additional 250 shares in the last quarter. Synergy Investment Management LLC bought a new position in First Trust Low Duration Opportunities ETF in the fourth quarter valued at approximately $116,000. Kestra Investment Management LLC acquired a new position in First Trust Low Duration Opportunities ETF during the fourth quarter valued at approximately $127,000. Finally, Marshall Investment Management LLC bought a new stake in First Trust Low Duration Opportunities ETF during the fourth quarter worth $131,000.

First Trust Low Duration Opportunities ETF Stock Up 0.2 %

Shares of NASDAQ LMBS traded up $0.12 during midday trading on Wednesday, reaching $48.95. The company’s stock had a trading volume of 1,069,465 shares, compared to its average volume of 482,006. The business’s 50 day moving average price is $48.98 and its two-hundred day moving average price is $48.85. First Trust Low Duration Opportunities ETF has a fifty-two week low of $45.06 and a fifty-two week high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a $0.17 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $2.04 annualized dividend and a yield of 4.17%.

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.