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

by · The Cerbat Gem

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

(Get Free Report)

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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