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

First Trust Municipal High Income ETF (NASDAQ:FMHI) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 137,095 shares, a growth of 982.8% from the May 31st total of 12,661 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily volume of 94,908 shares, the days-to-cover ratio is currently 1.4 days.

First Trust Municipal High Income ETF Price Performance

Shares of NASDAQ FMHI opened at $48.42 on Friday. The stock’s 50-day moving average is $48.14 and its 200 day moving average is $48.07. First Trust Municipal High Income ETF has a 1-year low of $45.83 and a 1-year high of $48.73.

First Trust Municipal High Income ETF Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th will be given a dividend of $0.177 per share. The ex-dividend date is Thursday, June 25th. This is an increase from First Trust Municipal High Income ETF’s previous dividend of $0.18.

Institutional Investors Weigh In On First Trust Municipal High Income ETF

A number of hedge funds have recently made changes to their positions in FMHI. Glen Eagle Advisors LLC purchased a new stake in shares of First Trust Municipal High Income ETF in the 1st quarter valued at $91,000. Camelot Portfolios LLC purchased a new position in First Trust Municipal High Income ETF in the 4th quarter worth $96,000. Hughes Financial Services LLC lifted its stake in First Trust Municipal High Income ETF by 25.7% in the third quarter. Hughes Financial Services LLC now owns 3,074 shares of the company’s stock worth $148,000 after purchasing an additional 629 shares during the last quarter. Parallel Advisors LLC bought a new stake in First Trust Municipal High Income ETF in the first quarter worth $161,000. Finally, Western Wealth Management LLC purchased a new stake in First Trust Municipal High Income ETF during the first quarter valued at about $162,000.

First Trust Municipal High Income ETF Company Profile

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.