First Trust Low Duration ETF Dips Below Key Moving Average
On Friday, shares of the First Trust Low Duration Opportunities ETF (Symbol: LMBS) fell below their 200-day moving average, which sits at $48.59. During trading, the shares reached a low of $48.58, representing a modest drop of about 0.2% for the day. The chart below illustrates the performance of LMBS over the past year in relation to its 200-day moving average:
From the chart, it’s clear that LMBS has experienced a fluctuating year, with the lowest point in its 52-week range being $45.06 per share and the highest reaching $51.49. As of the latest trade, LMBS is priced at $48.59.
Click here to find out which 9 other ETFs recently crossed below their 200-day moving average »
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