First Trust Managed Municipal ETF (NASDAQ:FMB) Short Interest Down 9.4% in July

First Trust Managed Municipal ETF (NASDAQ:FMB) saw a significant decline in short interest during the month of July. As of July 15th, there was short interest totalling 18,400 shares, a decline of 9.4% from the June 30th total of 20,300 shares. Based on an average daily trading volume, of 136,700 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On First Trust Managed Municipal ETF

Several institutional investors and hedge funds have recently modified their holdings of FMB. Jane Street Group LLC acquired a new position in First Trust Managed Municipal ETF during the 1st quarter worth $15,269,000. Wells Fargo & Company MN lifted its position in First Trust Managed Municipal ETF by 14.0% during the 4th quarter. Wells Fargo & Company MN now owns 2,042,465 shares of the company’s stock worth $105,523,000 after acquiring an additional 251,160 shares during the last quarter. Cetera Investment Advisers lifted its position in First Trust Managed Municipal ETF by 246.7% during the 1st quarter. Cetera Investment Advisers now owns 252,562 shares of the company’s stock worth $12,972,000 after acquiring an additional 179,710 shares during the last quarter. RFG Advisory LLC lifted its position in First Trust Managed Municipal ETF by 916.2% during the 4th quarter. RFG Advisory LLC now owns 194,688 shares of the company’s stock worth $10,058,000 after acquiring an additional 175,530 shares during the last quarter. Finally, Avantax Advisory Services Inc. lifted its position in First Trust Managed Municipal ETF by 44.5% during the 1st quarter. Avantax Advisory Services Inc. now owns 524,971 shares of the company’s stock worth $26,963,000 after acquiring an additional 161,642 shares during the last quarter.

First Trust Managed Municipal ETF Trading Up 0.2 %

First Trust Managed Municipal ETF stock traded up $0.11 during mid-day trading on Thursday, hitting $51.56. The company’s stock had a trading volume of 186,366 shares, compared to its average volume of 153,895. First Trust Managed Municipal ETF has a twelve month low of $48.08 and a twelve month high of $51.77. The stock’s fifty day moving average price is $51.17 and its two-hundred day moving average price is $51.23.

First Trust Managed Municipal ETF Announces Dividend

The business also recently declared a dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were issued a dividend of $0.137 per share. The ex-dividend date of this dividend was Thursday, June 27th.

About First Trust Managed Municipal ETF

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.