First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Short Interest Up 130.2% in April

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 360,222 shares, a growth of 130.2% from the April 15th total of 156,505 shares. Based on an average daily trading volume, of 456,101 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.3% of the company’s shares are sold short.

First Trust Low Duration Opportunities ETF Stock Down 0.3%

Shares of NASDAQ:LMBS traded down $0.15 on Friday, reaching $49.75. 428,697 shares of the company traded hands, compared to its average volume of 589,171. The business’s 50-day simple moving average is $49.97 and its 200 day simple moving average is $50.05. First Trust Low Duration Opportunities ETF has a 52 week low of $47.87 and a 52 week high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, April 21st were paid a dividend of $0.17 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Tuesday, April 21st.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of LMBS. Palisade Asset Management LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the third quarter worth about $26,000. Hazlett Burt & Watson Inc. boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 160.0% during the third quarter. Hazlett Burt & Watson Inc. now owns 650 shares of the company’s stock worth $32,000 after purchasing an additional 400 shares during the period. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the first quarter worth about $35,000. Bank of Montreal Can boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 169.0% during the fourth quarter. Bank of Montreal Can now owns 737 shares of the company’s stock worth $37,000 after purchasing an additional 463 shares during the period. Finally, Motiv8 Investments LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the fourth quarter worth about $56,000.

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.