First Trust Low Duration Opportunities ETF (NASDAQ:LMBS – Get Free Report) 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
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.
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