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

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 44,900 shares, a decrease of 58.1% from the February 28th total of 107,200 shares. Based on an average daily trading volume, of 486,100 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Claro Advisors LLC boosted its stake in shares of First Trust Low Duration Opportunities ETF by 2.9% during the 4th quarter. Claro Advisors LLC now owns 8,861 shares of the company’s stock worth $431,000 after acquiring an additional 249 shares in the last quarter. Riggs Asset Managment Co. Inc. boosted its position in First Trust Low Duration Opportunities ETF by 16.2% during the fourth quarter. Riggs Asset Managment Co. Inc. now owns 1,793 shares of the company’s stock worth $87,000 after purchasing an additional 250 shares in the last quarter. Pinnacle Family Advisors LLC boosted its position in First Trust Low Duration Opportunities ETF by 4.3% during the third quarter. Pinnacle Family Advisors LLC now owns 9,508 shares of the company’s stock worth $470,000 after purchasing an additional 391 shares in the last quarter. Proactive Wealth Strategies LLC grew its holdings in First Trust Low Duration Opportunities ETF by 10.8% in the fourth quarter. Proactive Wealth Strategies LLC now owns 4,551 shares of the company’s stock valued at $222,000 after purchasing an additional 444 shares during the last quarter. Finally, Harbor Investment Advisory LLC increased its position in shares of First Trust Low Duration Opportunities ETF by 20.1% in the fourth quarter. Harbor Investment Advisory LLC now owns 2,746 shares of the company’s stock valued at $134,000 after buying an additional 459 shares in the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

Shares of NASDAQ LMBS traded up $0.12 during trading on Friday, hitting $49.15. 520,421 shares of the company were exchanged, compared to its average volume of 474,544. First Trust Low Duration Opportunities ETF has a 1 year low of $45.06 and a 1 year high of $51.49. The firm’s fifty day moving average price is $48.92 and its 200 day moving average price is $48.91.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be given a dividend of $0.17 per share. The ex-dividend date is Thursday, March 27th. This represents a $2.04 annualized dividend and a yield of 4.15%.

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.