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Mortgage rates hit multi-month high amid surging borrowing costs
Seeking Alpha News (Thu, 16-Jul 12:23 PM ET)
The First Trust Low Duration Mortgage Opportunities ETF is an actively managed exchange-traded fund. The Funds primary objective is to generate current income with a secondary objective of capital appreciation. Under normal market conditions, the fund will seek to achieve its investment objectives by investing at least 80% of its net assets (including investment borrowings) in investment grade, mortgage-related debt securities and other mortgage-related instruments tied to residential and commercial mortgages.
First Trust Low Duration Opportunities ETF trades on the NASDAQ stock market under the symbol LMBS.
As of July 16, 2026, LMBS stock price declined to $49.78 with 271,002 million shares trading.
LMBS has a beta of 0.06, meaning it tends to be less sensitive to market movements. LMBS has a correlation of 0.14 to the broad based SPY ETF.
LMBS has a market cap of $6.37 billion. This is considered a Mid Cap stock.
In the last 3 years, LMBS traded as high as $51.98 and as low as $45.06.
LMBS has underperformed the market in the last year with a price return of +5.5% while the SPY ETF gained +22.2%. LMBS has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +0.4% and +0.2%, respectively, while the SPY returned +7.8% and +0.9%, respectively.
LMBS support price is $49.66 and resistance is $49.94 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LMBS shares will trade within this expected range on the day.