Short Interest in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Drops By 58.1%

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

First Trust Low Duration Opportunities ETF Price Performance

First Trust Low Duration Opportunities ETF stock opened at $49.17 on Thursday. The company’s 50 day simple moving average is $48.90 and its 200-day simple moving average is $48.91. First Trust Low Duration Opportunities ETF has a 1 year low of $45.06 and a 1 year high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date was Friday, February 21st.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in LMBS. Raymond James Financial Inc. purchased a new stake in shares of First Trust Low Duration Opportunities ETF in the 4th quarter valued at $149,264,000. Cetera Investment Advisers boosted its holdings in First Trust Low Duration Opportunities ETF by 75.1% during the 4th quarter. Cetera Investment Advisers now owns 1,724,201 shares of the company’s stock valued at $83,917,000 after acquiring an additional 739,519 shares during the period. LPL Financial LLC grew 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 in the last quarter. Heck Capital Advisors LLC purchased a new stake in First Trust Low Duration Opportunities ETF during the fourth quarter worth about $21,180,000. Finally, Fairvoy Private Wealth LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the fourth quarter worth about $11,777,000.

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.