First Trust Municipal High Income ETF (NASDAQ:FMHI) Short Interest Update

First Trust Municipal High Income ETF (NASDAQ:FMHI) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 138,409 shares, a growth of 655.4% from the June 30th total of 18,323 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average daily trading volume, of 104,938 shares, the short-interest ratio is currently 1.3 days.

First Trust Municipal High Income ETF Trading Up 0.1%

Shares of NASDAQ FMHI traded up $0.07 during mid-day trading on Friday, reaching $47.56. The company had a trading volume of 125,257 shares, compared to its average volume of 113,280. First Trust Municipal High Income ETF has a twelve month low of $45.85 and a twelve month high of $48.73. The stock’s 50 day moving average is $48.22 and its 200-day moving average is $48.14.

First Trust Municipal High Income ETF Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st will be paid a $0.177 dividend. The ex-dividend date is Tuesday, July 21st.

Institutional Investors Weigh In On First Trust Municipal High Income ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Morgan Stanley grew its stake in shares of First Trust Municipal High Income ETF by 9.7% in the 4th quarter. Morgan Stanley now owns 1,321,787 shares of the company’s stock valued at $63,359,000 after buying an additional 117,314 shares in the last quarter. LPL Financial LLC raised its position in First Trust Municipal High Income ETF by 12.5% during the fourth quarter. LPL Financial LLC now owns 1,167,716 shares of the company’s stock valued at $55,974,000 after acquiring an additional 129,684 shares in the last quarter. Wells Fargo & Company MN raised its position in First Trust Municipal High Income ETF by 15.6% during the fourth quarter. Wells Fargo & Company MN now owns 1,145,777 shares of the company’s stock valued at $54,922,000 after acquiring an additional 154,624 shares in the last quarter. Bank of America Corp DE lifted its stake in First Trust Municipal High Income ETF by 23.7% in the first quarter. Bank of America Corp DE now owns 798,920 shares of the company’s stock valued at $37,981,000 after acquiring an additional 153,170 shares during the last quarter. Finally, Meeder Advisory Services Inc. lifted its stake in First Trust Municipal High Income ETF by 11.0% in the first quarter. Meeder Advisory Services Inc. now owns 542,231 shares of the company’s stock valued at $25,778,000 after acquiring an additional 53,886 shares during the last quarter.

About First Trust Municipal High Income ETF

The First Trust Municipal High Income ETF (FMHI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that holds a broad range of US municipal bonds. FMHI was launched on Nov 1, 2017 and is managed by First Trust.