First Trust New York Municipal High Income ETF (NYSEARCA:FMNY) Short Interest Down 26.9% in December

First Trust New York Municipal High Income ETF (NYSEARCA:FMNY) was the recipient of a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 2,477 shares, a drop of 26.9% from the November 30th total of 3,387 shares. Based on an average daily volume of 9,387 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the shares of the stock are short sold. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 9,387 shares, the short-interest ratio is presently 0.3 days.

First Trust New York Municipal High Income ETF Price Performance

First Trust New York Municipal High Income ETF stock traded up $0.01 during midday trading on Wednesday, hitting $26.69. 3,564 shares of the company’s stock were exchanged, compared to its average volume of 4,757. The stock has a 50-day moving average price of $26.74 and a two-hundred day moving average price of $26.34. First Trust New York Municipal High Income ETF has a 52-week low of $24.98 and a 52-week high of $26.98.

First Trust New York Municipal High Income ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 21st were given a dividend of $0.081 per share. The ex-dividend date was Friday, November 21st. This represents a c) annualized dividend and a dividend yield of 3.6%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Magnus Financial Group LLC boosted its holdings in shares of First Trust New York Municipal High Income ETF by 82.1% in the 3rd quarter. Magnus Financial Group LLC now owns 320,049 shares of the company’s stock worth $8,476,000 after purchasing an additional 144,300 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in First Trust New York Municipal High Income ETF by 2.1% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 107,277 shares of the company’s stock worth $2,841,000 after buying an additional 2,177 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in First Trust New York Municipal High Income ETF in the third quarter worth approximately $1,420,000. Finally, Jane Street Group LLC boosted its stake in First Trust New York Municipal High Income ETF by 236.5% in the second quarter. Jane Street Group LLC now owns 49,379 shares of the company’s stock worth $1,282,000 after buying an additional 34,704 shares in the last quarter.

First Trust New York Municipal High Income ETF Company Profile

The First Trust New York High Income Municipal ETF (FMNY) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that targets fixed income of any duration and credit quality. Issues selected provide interest income that is exempt from federal, New York State and City taxes. FMNY was launched on May 12, 2021 and is managed by First Trust.