Short Interest in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) Declines By 89.8%

First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) saw a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 1,686 shares, a decrease of 89.8% from the February 12th total of 16,543 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 39,942 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 39,942 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Trading of First Trust Ultra Short Duration Municipal ETF

Several institutional investors have recently bought and sold shares of FUMB. Advisory Services Network LLC increased its stake in First Trust Ultra Short Duration Municipal ETF by 269.6% during the 4th quarter. Advisory Services Network LLC now owns 14,176 shares of the company’s stock valued at $284,000 after purchasing an additional 10,340 shares in the last quarter. Rothschild Wealth LLC purchased a new stake in shares of First Trust Ultra Short Duration Municipal ETF during the fourth quarter valued at approximately $1,292,000. Capital Financial Group Inc. Co. ADV purchased a new stake in shares of First Trust Ultra Short Duration Municipal ETF during the fourth quarter valued at approximately $1,687,000. Stifel Financial Corp grew its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 2.0% during the fourth quarter. Stifel Financial Corp now owns 68,101 shares of the company’s stock valued at $1,366,000 after buying an additional 1,353 shares during the last quarter. Finally, Advyzon Investment Management LLC increased its position in shares of First Trust Ultra Short Duration Municipal ETF by 6.3% during the fourth quarter. Advyzon Investment Management LLC now owns 14,402 shares of the company’s stock valued at $289,000 after acquiring an additional 850 shares in the last quarter.

First Trust Ultra Short Duration Municipal ETF Stock Down 0.0%

NYSEARCA:FUMB traded down $0.01 during trading hours on Tuesday, reaching $20.10. 35,025 shares of the company traded hands, compared to its average volume of 89,877. The business’s 50-day moving average price is $20.11 and its two-hundred day moving average price is $20.10. First Trust Ultra Short Duration Municipal ETF has a 1 year low of $19.91 and a 1 year high of $20.72.

First Trust Ultra Short Duration Municipal ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were given a $0.046 dividend. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, February 20th.

About First Trust Ultra Short Duration Municipal ETF

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.