First Trust AAA CMBS ETF (NYSEARCA:CAAA) Shares Shorted: Short Interest Up 5,772.8% in October

First Trust AAA CMBS ETF (NYSEARCA:CAAA) was the recipient of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 17,677 shares, a growth of 5,772.8% from the October 15th total of 301 shares. Based on an average daily trading volume, of 7,099 shares, the days-to-cover ratio is presently 2.5 days. Approximately 1.0% of the shares of the company are short sold.

First Trust AAA CMBS ETF Stock Down 0.5%

CAAA stock traded down $0.11 during trading on Tuesday, hitting $19.89. 3,702 shares of the company traded hands, compared to its average volume of 8,596. The stock’s 50-day simple moving average is $19.88 and its 200 day simple moving average is $20.22. First Trust AAA CMBS ETF has a 1 year low of $19.65 and a 1 year high of $20.85.

Institutional Investors Weigh In On First Trust AAA CMBS ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in CAAA. United Advisor Group LLC lifted its stake in shares of First Trust AAA CMBS ETF by 11.0% in the 3rd quarter. United Advisor Group LLC now owns 13,847 shares of the company’s stock valued at $273,000 after purchasing an additional 1,367 shares during the period. Inspirion Wealth Advisors LLC purchased a new stake in First Trust AAA CMBS ETF during the third quarter worth $522,000. Kestra Advisory Services LLC grew its position in First Trust AAA CMBS ETF by 6.4% during the third quarter. Kestra Advisory Services LLC now owns 58,098 shares of the company’s stock valued at $1,145,000 after buying an additional 3,497 shares during the period. Farther Finance Advisors LLC grew its position in First Trust AAA CMBS ETF by 14.7% during the third quarter. Farther Finance Advisors LLC now owns 88,382 shares of the company’s stock valued at $1,742,000 after buying an additional 11,342 shares during the period. Finally, Commonwealth Equity Services LLC purchased a new position in First Trust AAA CMBS ETF in the third quarter valued at $2,717,000.

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.