First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Sees Large Increase in Short Interest

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 157,200 shares, an increase of 202.9% from the November 30th total of 51,900 shares. Based on an average daily volume of 491,500 shares, the days-to-cover ratio is presently 0.3 days.

First Trust Low Duration Opportunities ETF Stock Up 0.2 %

Shares of LMBS traded up $0.10 on Thursday, hitting $48.58. The company’s stock had a trading volume of 230,609 shares, compared to its average volume of 474,185. The company has a 50 day moving average price of $48.79 and a 200 day moving average price of $48.83. First Trust Low Duration Opportunities ETF has a fifty-two week low of $45.06 and a fifty-two week high of $51.49.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a dividend yield of 4.20%. The ex-dividend date is Friday, December 13th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Arkadios Wealth Advisors increased its position in First Trust Low Duration Opportunities ETF by 21.2% in the 2nd quarter. Arkadios Wealth Advisors now owns 10,293 shares of the company’s stock valued at $495,000 after acquiring an additional 1,799 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its position in shares of First Trust Low Duration Opportunities ETF by 3.9% during the second quarter. Nations Financial Group Inc. IA ADV now owns 29,082 shares of the company’s stock worth $1,397,000 after purchasing an additional 1,095 shares in the last quarter. Boston Financial Mangement LLC grew its stake in First Trust Low Duration Opportunities ETF by 16.1% in the second quarter. Boston Financial Mangement LLC now owns 79,280 shares of the company’s stock valued at $3,809,000 after acquiring an additional 11,008 shares during the period. WMG Financial Advisors LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF in the second quarter worth about $276,000. Finally, Concurrent Investment Advisors LLC raised its position in shares of First Trust Low Duration Opportunities ETF by 13.1% during the second quarter. Concurrent Investment Advisors LLC now owns 704,129 shares of the company’s stock worth $33,833,000 after purchasing an additional 81,638 shares during the period.

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.