First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) Short Interest Update

First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) was the target of a significant decrease in short interest in February. As of February 13th, there was short interest totaling 16,543 shares, a decrease of 16.3% from the January 29th total of 19,770 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 80,024 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 80,024 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

First Trust Ultra Short Duration Municipal ETF Price Performance

Shares of NYSEARCA FUMB remained flat at $20.09 during midday trading on Thursday. The stock had a trading volume of 2,122 shares, compared to its average volume of 93,059. First Trust Ultra Short Duration Municipal ETF has a 52-week low of $19.91 and a 52-week high of $20.72. The company’s 50 day moving average is $20.11 and its 200 day moving average is $20.10.

First Trust Ultra Short Duration Municipal ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were paid a $0.046 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, February 20th.

Hedge Funds Weigh In On First Trust Ultra Short Duration Municipal ETF

Several large investors have recently added to or reduced their stakes in the business. Cetera Investment Advisers boosted its holdings in First Trust Ultra Short Duration Municipal ETF by 12.9% during the 2nd quarter. Cetera Investment Advisers now owns 72,008 shares of the company’s stock worth $1,447,000 after acquiring an additional 8,217 shares during the last quarter. Meridian Wealth Management LLC purchased a new stake in shares of First Trust Ultra Short Duration Municipal ETF in the second quarter valued at about $241,000. XML Financial LLC lifted its position in shares of First Trust Ultra Short Duration Municipal ETF by 5.3% during the third quarter. XML Financial LLC now owns 507,182 shares of the company’s stock valued at $10,194,000 after purchasing an additional 25,633 shares in the last quarter. J.W. Cole Advisors Inc. boosted its holdings in First Trust Ultra Short Duration Municipal ETF by 4.5% during the second quarter. J.W. Cole Advisors Inc. now owns 149,331 shares of the company’s stock worth $3,002,000 after purchasing an additional 6,429 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in First Trust Ultra Short Duration Municipal ETF by 11.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 56,807 shares of the company’s stock worth $1,131,000 after purchasing an additional 5,843 shares in the last quarter.

First Trust Ultra Short Duration Municipal ETF Company Profile

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