First Trust Managed Municipal ETF (NASDAQ:FMB) Short Interest Update

by · The Cerbat Gem

First Trust Managed Municipal ETF (NASDAQ:FMB – Get Free Report) saw a significant increase in short interest in the month of 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 daily trading volume, of 163,786 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 163,786 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On First Trust Managed Municipal ETF

Hedge funds have recently modified their holdings of the business. IFP Advisors Inc lifted its position in shares of First Trust Managed Municipal ETF by 10.3% during the 3rd quarter. IFP Advisors Inc now owns 17,459 shares of the company’s stock worth $885,000 after buying an additional 1,629 shares during the period. GM Advisory Group LLC increased its holdings in First Trust Managed Municipal ETF by 3.1% during the 3rd quarter. GM Advisory Group LLC now owns 218,492 shares of the company’s stock worth $11,078,000 after purchasing an additional 6,492 shares in the last quarter. Advisory Services Network LLC increased its stake in First Trust Managed Municipal ETF by 56.4% in the 3rd quarter. Advisory Services Network LLC now owns 28,607 shares of the company’s stock valued at $1,450,000 after buying an additional 10,321 shares during the last quarter. Financial Engines Advisors L.L.C. bought a new position in shares of First Trust Managed Municipal ETF in the 3rd quarter valued at about $247,000. Finally, Kestra Private Wealth Services LLC grew its stake in First Trust Managed Municipal ETF by 5.7% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 22,524 shares of the company’s stock valued at $1,142,000 after buying an additional 1,206 shares during the last quarter.

First Trust Managed Municipal ETF Stock Performance

First Trust Managed Municipal ETF stock traded down $0.04 during mid-day trading on Friday, reaching $51.11. The company’s stock had a trading volume of 232,276 shares, compared to its average volume of 192,777. First Trust Managed Municipal ETF has a twelve month low of $48.19 and a twelve month high of $51.47. The business has a 50 day moving average price of $51.16 and a 200-day moving average price of $50.46.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be issued a $0.147 dividend. The ex-dividend date is Friday, December 12th. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%.

First Trust Managed Municipal ETF Company Profile

(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.

See Also