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

First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 122,600 shares, a drop of 21.9% from the September 30th total of 157,000 shares. Based on an average daily trading volume, of 529,500 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. LPL Financial LLC lifted its stake in shares of First Trust Low Duration Opportunities ETF by 7.8% in the second quarter. LPL Financial LLC now owns 7,631,699 shares of the company’s stock worth $366,703,000 after acquiring an additional 550,017 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in shares of First Trust Low Duration Opportunities ETF by 0.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,011,574 shares of the company’s stock valued at $96,656,000 after acquiring an additional 10,854 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of First Trust Low Duration Opportunities ETF by 1.6% during the second quarter. Envestnet Asset Management Inc. now owns 964,019 shares of the company’s stock valued at $46,321,000 after acquiring an additional 15,450 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of First Trust Low Duration Opportunities ETF by 17.5% during the second quarter. Cetera Investment Advisers now owns 940,225 shares of the company’s stock valued at $45,178,000 after acquiring an additional 140,132 shares in the last quarter. Finally, Raymond James & Associates increased its holdings in shares of First Trust Low Duration Opportunities ETF by 6.0% during the third quarter. Raymond James & Associates now owns 809,835 shares of the company’s stock valued at $40,014,000 after acquiring an additional 45,961 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Down 0.1 %

Shares of NASDAQ LMBS traded down $0.06 during mid-day trading on Wednesday, reaching $48.66. The company had a trading volume of 290,533 shares, compared to its average volume of 476,953. First Trust Low Duration Opportunities ETF has a one year low of $45.06 and a one year high of $51.49. The business’s 50-day simple moving average is $49.19 and its 200 day simple moving average is $48.59.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd will be given a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date is Tuesday, October 22nd.

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.