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

First Trust Managed Municipal ETF (NASDAQ:FMB) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 72,100 shares, a growth of 80.3% from the December 15th total of 40,000 shares. Based on an average daily trading volume, of 187,500 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On First Trust Managed Municipal ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Pinnacle Bancorp Inc. raised its position in shares of First Trust Managed Municipal ETF by 152.9% in the 4th quarter. Pinnacle Bancorp Inc. now owns 2,150 shares of the company’s stock valued at $110,000 after buying an additional 1,300 shares in the last quarter. Christopher J. Hasenberg Inc bought a new position in First Trust Managed Municipal ETF in the third quarter valued at approximately $166,000. Dopkins Wealth Management LLC acquired a new position in First Trust Managed Municipal ETF during the third quarter valued at approximately $201,000. James Investment Research Inc. acquired a new position in First Trust Managed Municipal ETF during the third quarter valued at approximately $224,000. Finally, Prospect Financial Services LLC lifted its stake in First Trust Managed Municipal ETF by 23.0% during the third quarter. Prospect Financial Services LLC now owns 5,195 shares of the company’s stock worth $270,000 after purchasing an additional 970 shares during the last quarter.

First Trust Managed Municipal ETF Stock Performance

First Trust Managed Municipal ETF stock opened at $50.61 on Wednesday. The stock’s fifty day moving average price is $51.27 and its two-hundred day moving average price is $51.48. First Trust Managed Municipal ETF has a one year low of $48.10 and a one year high of $52.13.

First Trust Managed Municipal ETF Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.139 dividend. The ex-dividend date was Friday, December 13th.

First Trust Managed Municipal ETF Company Profile

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.