First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Short Interest Down 17.0% in January

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) was the recipient of a large decline in short interest in January. As of January 15th, there was short interest totaling 79,977 shares, a decline of 17.0% from the December 31st total of 96,339 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 872,972 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 872,972 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On First Trust Low Duration Opportunities ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Avestar Capital LLC raised its position in First Trust Low Duration Opportunities ETF by 1.2% during the second quarter. Avestar Capital LLC now owns 18,040 shares of the company’s stock valued at $889,000 after acquiring an additional 208 shares in the last quarter. TrueWealth Advisors LLC increased its holdings in shares of First Trust Low Duration Opportunities ETF by 3.7% during the 4th quarter. TrueWealth Advisors LLC now owns 5,797 shares of the company’s stock valued at $290,000 after purchasing an additional 209 shares in the last quarter. Iams Wealth Management LLC boosted its holdings in First Trust Low Duration Opportunities ETF by 0.6% during the third quarter. Iams Wealth Management LLC now owns 37,073 shares of the company’s stock worth $1,846,000 after buying an additional 212 shares in the last quarter. Condor Capital Management boosted its holdings in First Trust Low Duration Opportunities ETF by 0.4% during the third quarter. Condor Capital Management now owns 50,896 shares of the company’s stock worth $2,534,000 after buying an additional 228 shares in the last quarter. Finally, Lion Street Advisors LLC increased its holdings in First Trust Low Duration Opportunities ETF by 5.7% in the third quarter. Lion Street Advisors LLC now owns 4,398 shares of the company’s stock valued at $222,000 after buying an additional 236 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of LMBS traded down $0.06 during midday trading on Monday, hitting $50.12. 360,726 shares of the company’s stock traded hands, compared to its average volume of 770,413. The firm’s fifty day moving average is $50.05 and its 200-day moving average is $49.85. First Trust Low Duration Opportunities ETF has a 1 year low of $48.37 and a 1 year high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, January 21st. This represents a c) dividend on an annualized basis and a yield of 4.1%.

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.