Short Interest in First Trust AAA CMBS ETF (NYSEARCA:CAAA) Drops By 82.0%

First Trust AAA CMBS ETF (NYSEARCA:CAAA) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 1,260 shares, a decline of 82.0% from the July 30th total of 7,017 shares. Based on an average daily volume of 7,380 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

First Trust AAA CMBS ETF Price Performance

Shares of CAAA stock traded down $0.03 on Friday, hitting $20.16. The stock had a trading volume of 1,935 shares, compared to its average volume of 9,264. The company has a fifty day moving average price of $20.23 and a two-hundred day moving average price of $20.33. First Trust AAA CMBS ETF has a twelve month low of $20.05 and a twelve month high of $20.85.

Hedge Funds Weigh In On First Trust AAA CMBS ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Geneos Wealth Management Inc. grew its position in First Trust AAA CMBS ETF by 100.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,000 shares of the company’s stock worth $61,000 after acquiring an additional 1,500 shares during the last quarter. Prospera Financial Services Inc grew its position in First Trust AAA CMBS ETF by 0.7% in the 4th quarter. Prospera Financial Services Inc now owns 296,939 shares of the company’s stock valued at $6,087,000 after purchasing an additional 1,941 shares during the period. Compass Financial Management LLC bought a new position in First Trust AAA CMBS ETF in the 2nd quarter valued at about $180,000. International Assets Investment Management LLC bought a new stake in shares of First Trust AAA CMBS ETF in the 4th quarter worth $78,000. Finally, Citadel Advisors LLC bought a new position in shares of First Trust AAA CMBS ETF during the 3rd quarter worth approximately $313,000.

First Trust AAA CMBS ETF Company Profile

The First Trust Commercial Mortgage Opportunities ETF (CAAA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that primarily invests in commercial mortgage-backed securities with a credit rating of AAA. The fund seeks to provide long-term total return CAAA was launched on Feb 27, 2024 and is issued by First Trust.