First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Short Interest Update

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totalling 157,000 shares, a growth of 68.6% from the September 15th total of 93,100 shares. Based on an average daily volume of 533,100 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of LMBS. Palisade Asset Management LLC purchased a new stake in First Trust Low Duration Opportunities ETF in the 1st quarter valued at approximately $25,000. Hershey Financial Advisers LLC acquired a new stake in First Trust Low Duration Opportunities ETF in the 2nd quarter worth about $30,000. Hilltop National Bank purchased a new stake in First Trust Low Duration Opportunities ETF in the 2nd quarter valued at about $42,000. Chris Bulman Inc purchased a new stake in First Trust Low Duration Opportunities ETF in the 2nd quarter valued at about $43,000. Finally, Triad Wealth Partners LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF during the 2nd quarter valued at about $44,000.

First Trust Low Duration Opportunities ETF Stock Up 0.0 %

Shares of LMBS stock opened at $49.11 on Monday. First Trust Low Duration Opportunities ETF has a 1 year low of $45.06 and a 1 year high of $51.49. The stock has a fifty day moving average price of $49.20 and a 200 day moving average price of $48.52.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.17 dividend. This represents a $2.04 annualized dividend and a dividend yield of 4.15%. The ex-dividend date was Thursday, September 26th.

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.