Short Interest in First Trust Municipal High Income ETF (NASDAQ:FMHI) Decreases By 43.1%

by · The Cerbat Gem

First Trust Municipal High Income ETF (NASDAQ:FMHI – Get Free Report) saw a significant drop in short interest in February. As of February 27th, there was short interest totaling 47,760 shares, a drop of 43.1% from the February 12th total of 83,882 shares. Based on an average daily trading volume, of 93,997 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.3% of the shares of the stock are short sold. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 93,997 shares, the days-to-cover ratio is presently 0.5 days.

First Trust Municipal High Income ETF Stock Performance

Shares of First Trust Municipal High Income ETF stock traded down $0.11 during trading on Thursday, reaching $47.96. The company’s stock had a trading volume of 107,444 shares, compared to its average volume of 122,040. The stock has a 50-day moving average price of $48.22 and a two-hundred day moving average price of $47.86. First Trust Municipal High Income ETF has a one year low of $44.80 and a one year high of $49.05.

First Trust Municipal High Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were paid a $0.175 dividend. This is a boost from First Trust Municipal High Income ETF’s previous monthly dividend of $0.17. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Friday, February 20th.

Hedge Funds Weigh In On First Trust Municipal High Income ETF

A number of large investors have recently modified their holdings of FMHI. AQR Capital Management LLC bought a new position in First Trust Municipal High Income ETF in the 1st quarter worth approximately $377,000. Envestnet Asset Management Inc. increased its stake in shares of First Trust Municipal High Income ETF by 2.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 70,809 shares of the company’s stock valued at $3,307,000 after buying an additional 1,561 shares during the period. AE Wealth Management LLC increased its stake in shares of First Trust Municipal High Income ETF by 28.7% in the 2nd quarter. AE Wealth Management LLC now owns 7,735 shares of the company’s stock valued at $361,000 after buying an additional 1,726 shares during the period. AJ Advisors LLC bought a new stake in shares of First Trust Municipal High Income ETF during the second quarter worth $2,760,000. Finally, Avantax Advisory Services Inc. raised its position in shares of First Trust Municipal High Income ETF by 20.3% during the second quarter. Avantax Advisory Services Inc. now owns 58,243 shares of the company’s stock worth $2,720,000 after acquiring an additional 9,829 shares during the last quarter.

First Trust Municipal High Income ETF Company Profile

(Get Free Report)

The First Trust Municipal High Income ETF (FMHI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that holds a broad range of US municipal bonds. FMHI was launched on Nov 1, 2017 and is managed by First Trust.

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