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

First Trust Managed Municipal ETF (NASDAQ:FMB) saw a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 14,218 shares, a decline of 76.2% from the February 12th total of 59,679 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 103,320 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 103,320 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

First Trust Managed Municipal ETF Stock Down 0.3%

Shares of FMB traded down $0.15 during midday trading on Thursday, reaching $51.21. The company had a trading volume of 245,235 shares, compared to its average volume of 160,709. First Trust Managed Municipal ETF has a 1-year low of $48.19 and a 1-year high of $52.03. The firm has a 50 day simple moving average of $51.55 and a 200-day simple moving average of $51.13.

First Trust Managed Municipal ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were issued a $0.155 dividend. This is an increase from First Trust Managed Municipal ETF’s previous monthly dividend of $0.15. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Friday, February 20th.

Hedge Funds Weigh In On First Trust Managed Municipal ETF

Institutional investors have recently bought and sold shares of the company. Jane Street Group LLC grew its stake in shares of First Trust Managed Municipal ETF by 2,668.1% in the 1st quarter. Jane Street Group LLC now owns 189,530 shares of the company’s stock valued at $9,557,000 after buying an additional 182,683 shares during the period. Prospera Financial Services Inc raised its position in shares of First Trust Managed Municipal ETF by 0.4% during the 2nd quarter. Prospera Financial Services Inc now owns 61,466 shares of the company’s stock valued at $3,063,000 after buying an additional 216 shares during the period. Allworth Financial LP lifted its holdings in First Trust Managed Municipal ETF by 24.5% in the second quarter. Allworth Financial LP now owns 96,682 shares of the company’s stock valued at $4,817,000 after acquiring an additional 19,018 shares during the last quarter. Security Financial Services INC. lifted its holdings in First Trust Managed Municipal ETF by 13.6% in the second quarter. Security Financial Services INC. now owns 12,650 shares of the company’s stock valued at $630,000 after acquiring an additional 1,513 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in First Trust Managed Municipal ETF by 15.2% in the second quarter. Cetera Investment Advisers now owns 256,842 shares of the company’s stock worth $12,796,000 after acquiring an additional 33,820 shares during the period.

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.