First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) Short Interest Down 64.3% in December

First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) was the recipient of a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 15,390 shares, a drop of 64.3% from the November 30th total of 43,090 shares. Based on an average daily trading volume, of 83,407 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are short sold. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 83,407 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of First Trust Short Duration Managed Municipal ETF

Hedge funds have recently made changes to their positions in the company. Hazlett Burt & Watson Inc. acquired a new stake in shares of First Trust Short Duration Managed Municipal ETF in the 3rd quarter valued at about $26,000. Advisory Services Network LLC acquired a new position in First Trust Short Duration Managed Municipal ETF in the third quarter worth about $32,000. Evolution Wealth Management Inc. bought a new stake in First Trust Short Duration Managed Municipal ETF in the second quarter valued at about $33,000. US Bancorp DE raised its stake in First Trust Short Duration Managed Municipal ETF by 29.4% during the third quarter. US Bancorp DE now owns 3,584 shares of the company’s stock valued at $72,000 after buying an additional 815 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in First Trust Short Duration Managed Municipal ETF by 29.7% during the 2nd quarter. Farther Finance Advisors LLC now owns 5,154 shares of the company’s stock worth $103,000 after buying an additional 1,180 shares during the last quarter.

First Trust Short Duration Managed Municipal ETF Price Performance

FSMB traded up $0.02 during trading on Friday, hitting $20.04. 71,413 shares of the company’s stock were exchanged, compared to its average volume of 96,631. First Trust Short Duration Managed Municipal ETF has a 1 year low of $19.47 and a 1 year high of $20.21. The stock has a 50 day moving average price of $20.04 and a 200 day moving average price of $20.02.

First Trust Short Duration Managed Municipal ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 21st were given a dividend of $0.052 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a c) annualized dividend and a yield of 3.1%.

First Trust Short Duration Managed Municipal ETF Company Profile

The First Trust Short Duration Managed Municipal ETF (FSMB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of US municipal debt with a targeted portfolio duration of 1 to 3 years. The fund seeks tax-exempt income and capital preservation. FSMB was launched on Nov 1, 2018 and is managed by First Trust.