Short Interest in First Trust Managed Municipal ETF (NASDAQ:FMB) Expands By 107.3%

by · The Markets Daily

First Trust Managed Municipal ETF (NASDAQ:FMB – Get Free Report) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totaling 62,958 shares, an increase of 107.3% from the November 30th total of 30,377 shares. Based on an average trading volume of 163,786 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are short sold. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 163,786 shares, the short-interest ratio is presently 0.4 days.

First Trust Managed Municipal ETF Stock Performance

NASDAQ FMB traded down $0.04 on Friday, reaching $51.11. The stock had a trading volume of 232,276 shares, compared to its average volume of 192,777. First Trust Managed Municipal ETF has a 1 year low of $48.19 and a 1 year high of $51.47. The business has a 50 day moving average price of $51.16 and a 200 day moving average price of $50.45.

First Trust Managed Municipal ETF Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 12th will be paid a $0.147 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a c) annualized dividend and a dividend yield of 3.5%.

Institutional Trading of First Trust Managed Municipal ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Miracle Mile Advisors LLC boosted its holdings in First Trust Managed Municipal ETF by 50.3% during the third quarter. Miracle Mile Advisors LLC now owns 1,070,100 shares of the company’s stock valued at $54,256,000 after acquiring an additional 358,121 shares during the period. Jane Street Group LLC lifted its position in shares of First Trust Managed Municipal ETF by 2,668.1% during the 1st quarter. Jane Street Group LLC now owns 189,530 shares of the company’s stock worth $9,557,000 after purchasing an additional 182,683 shares during the last quarter. NewEdge Advisors LLC boosted its stake in First Trust Managed Municipal ETF by 45.6% during the 1st quarter. NewEdge Advisors LLC now owns 455,622 shares of the company’s stock valued at $22,973,000 after purchasing an additional 142,668 shares during the period. Thrivent Financial for Lutherans grew its holdings in First Trust Managed Municipal ETF by 928.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 126,062 shares of the company’s stock valued at $6,391,000 after buying an additional 113,809 shares during the last quarter. Finally, Frisch Financial Group Inc. grew its holdings in First Trust Managed Municipal ETF by 35.6% in the 3rd quarter. Frisch Financial Group Inc. now owns 288,013 shares of the company’s stock valued at $14,603,000 after buying an additional 75,648 shares during the last quarter.

About First Trust Managed Municipal ETF

(Get Free Report)

The First Trust Managed Municipal ETF (FMB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests primarily in investment-grade municipal bonds, with some high-yield exposure. FMB was launched on May 13, 2014 and is managed by First Trust.

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