First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Short Interest Up 61.0% in February

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) was the target of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 120,600 shares, a growth of 61.0% from the January 31st total of 74,900 shares. Based on an average trading volume of 477,800 shares, the days-to-cover ratio is presently 0.3 days.

First Trust Low Duration Opportunities ETF Stock Down 0.0 %

NASDAQ LMBS traded down $0.01 on Tuesday, hitting $49.13. 1,085,460 shares of the company’s stock were exchanged, compared to its average volume of 510,862. The stock has a 50-day moving average of $48.70 and a 200-day moving average of $48.90. First Trust Low Duration Opportunities ETF has a 52 week low of $45.06 and a 52 week high of $51.49.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a dividend yield of 4.15%. The ex-dividend date was Friday, February 21st.

Hedge Funds Weigh In On First Trust Low Duration Opportunities ETF

A number of institutional investors have recently added to or reduced their stakes in LMBS. LPL Financial LLC increased its position in First Trust Low Duration Opportunities ETF by 8.3% in the 4th quarter. LPL Financial LLC now owns 9,269,354 shares of the company’s stock valued at $451,139,000 after acquiring an additional 708,645 shares during the period. Wells Fargo & Company MN lifted its position in shares of First Trust Low Duration Opportunities ETF by 2.8% during the 4th quarter. Wells Fargo & Company MN now owns 4,853,287 shares of the company’s stock valued at $236,209,000 after acquiring an additional 132,154 shares during the period. Raymond James Financial Inc. acquired a new position in shares of First Trust Low Duration Opportunities ETF during the fourth quarter valued at about $149,264,000. Royal Bank of Canada grew its stake in First Trust Low Duration Opportunities ETF by 1.9% in the fourth quarter. Royal Bank of Canada now owns 2,738,978 shares of the company’s stock valued at $133,306,000 after acquiring an additional 50,352 shares during the period. Finally, Cetera Investment Advisers raised its stake in shares of First Trust Low Duration Opportunities ETF by 75.1% in the fourth quarter. Cetera Investment Advisers now owns 1,724,201 shares of the company’s stock worth $83,917,000 after purchasing an additional 739,519 shares during the last quarter.

First Trust Low Duration Opportunities ETF Company Profile

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.