Short Interest in First Trust Managed Municipal ETF (NASDAQ:FMB) Grows By 1,535.3%

First Trust Managed Municipal ETF (NASDAQ:FMB) saw a significant growth in short interest in June. As of June 15th, there was short interest totalling 27,800 shares, a growth of 1,535.3% from the May 31st total of 1,700 shares. Based on an average trading volume of 143,400 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On First Trust Managed Municipal ETF

Several large investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. grew its holdings in First Trust Managed Municipal ETF by 1.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 306,351 shares of the company’s stock valued at $14,974,000 after purchasing an additional 4,284 shares in the last quarter. Stifel Financial Corp grew its holdings in First Trust Managed Municipal ETF by 4.4% during the 3rd quarter. Stifel Financial Corp now owns 218,585 shares of the company’s stock valued at $10,684,000 after purchasing an additional 9,232 shares in the last quarter. Frisch Financial Group Inc. grew its holdings in First Trust Managed Municipal ETF by 2.4% during the 3rd quarter. Frisch Financial Group Inc. now owns 245,074 shares of the company’s stock valued at $11,979,000 after purchasing an additional 5,650 shares in the last quarter. Rehmann Capital Advisory Group grew its holdings in First Trust Managed Municipal ETF by 0.8% during the 3rd quarter. Rehmann Capital Advisory Group now owns 50,056 shares of the company’s stock valued at $2,447,000 after purchasing an additional 380 shares in the last quarter. Finally, Truist Financial Corp grew its holdings in First Trust Managed Municipal ETF by 6.2% during the 3rd quarter. Truist Financial Corp now owns 265,005 shares of the company’s stock valued at $12,953,000 after purchasing an additional 15,573 shares in the last quarter.

First Trust Managed Municipal ETF Price Performance

First Trust Managed Municipal ETF stock opened at $51.06 on Friday. First Trust Managed Municipal ETF has a 52-week low of $48.08 and a 52-week high of $51.77. The firm has a fifty day moving average of $51.02 and a 200-day moving average of $51.26.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were given a $0.137 dividend. The ex-dividend date was Thursday, June 27th.

About First Trust Managed Municipal ETF

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.