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

First Trust Managed Municipal ETF (NASDAQ:FMB) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 105,400 shares, an increase of 52.8% from the March 31st total of 69,000 shares. Based on an average daily trading volume, of 157,700 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of First Trust Managed Municipal ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Avestar Capital LLC increased its position in shares of First Trust Managed Municipal ETF by 19.1% during the third quarter. Avestar Capital LLC now owns 21,132 shares of the company’s stock valued at $1,033,000 after acquiring an additional 3,389 shares during the last quarter. Lake Street Financial LLC raised its position in First Trust Managed Municipal ETF by 56.4% in the third quarter. Lake Street Financial LLC now owns 82,040 shares of the company’s stock worth $4,004,000 after acquiring an additional 29,584 shares during the period. RMR Wealth Builders boosted its stake in First Trust Managed Municipal ETF by 4.5% in the third quarter. RMR Wealth Builders now owns 154,076 shares of the company’s stock valued at $7,531,000 after acquiring an additional 6,626 shares during the last quarter. Atlas Private Wealth Management grew its holdings in First Trust Managed Municipal ETF by 8.0% during the third quarter. Atlas Private Wealth Management now owns 102,621 shares of the company’s stock valued at $5,016,000 after purchasing an additional 7,613 shares during the period. Finally, Moneywise Inc. increased its position in First Trust Managed Municipal ETF by 3.7% in the third quarter. Moneywise Inc. now owns 44,770 shares of the company’s stock worth $2,188,000 after buying an additional 1,588 shares during the last quarter.

First Trust Managed Municipal ETF Stock Up 0.0 %

FMB traded up $0.02 during midday trading on Friday, hitting $50.71. 116,027 shares of the company were exchanged, compared to its average volume of 164,061. The firm’s 50 day moving average price is $51.27 and its 200-day moving average price is $50.75. First Trust Managed Municipal ETF has a 1-year low of $48.08 and a 1-year high of $51.77.

First Trust Managed Municipal ETF Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 24th will be issued a $0.135 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $1.62 annualized dividend and a yield of 3.19%.

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.