First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) Short Interest Update

First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) was the recipient of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 11,100 shares, a drop of 82.2% from the July 15th total of 62,475 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 94,070 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On First Trust Short Duration Managed Municipal ETF

Large investors have recently modified their holdings of the business. Advisory Services Network LLC bought a new position in shares of First Trust Short Duration Managed Municipal ETF during the third quarter valued at approximately $32,000. Legacy Wealth Managment LLC ID lifted its holdings in First Trust Short Duration Managed Municipal ETF by 800.7% during the first quarter. Legacy Wealth Managment LLC ID now owns 2,666 shares of the company’s stock worth $53,000 after buying an additional 2,370 shares during the period. Hazlett Burt & Watson Inc. lifted its holdings in First Trust Short Duration Managed Municipal ETF by 111.5% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 2,750 shares of the company’s stock worth $55,000 after buying an additional 1,450 shares during the period. US Bancorp DE boosted its position in First Trust Short Duration Managed Municipal ETF by 29.4% during the 3rd quarter. US Bancorp DE now owns 3,584 shares of the company’s stock valued at $72,000 after acquiring an additional 815 shares in the last quarter. Finally, Tucker Asset Management LLC bought a new stake in First Trust Short Duration Managed Municipal ETF during the 4th quarter valued at $82,000.

First Trust Short Duration Managed Municipal ETF Stock Performance

Shares of FSMB stock traded up $0.04 on Thursday, hitting $19.98. The stock had a trading volume of 178,728 shares, compared to its average volume of 143,220. First Trust Short Duration Managed Municipal ETF has a one year low of $19.80 and a one year high of $20.25. The business has a 50 day moving average price of $19.97 and a 200 day moving average price of $20.03.

About First Trust Short Duration Managed Municipal ETF

The First Trust Short Duration Managed Municipal ETF (FSMB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of US municipal debt with a targeted portfolio duration of 1 to 3 years. The fund seeks tax-exempt income and capital preservation. FSMB was launched on Nov 1, 2018 and is managed by First Trust.