First Trust Municipal High Income ETF (NASDAQ:FMHI) Short Interest Up 381.3% in January

First Trust Municipal High Income ETF (NASDAQ:FMHI) was the target of a significant growth in short interest in January. As of January 31st, there was short interest totalling 69,300 shares, a growth of 381.3% from the January 15th total of 14,400 shares. Based on an average daily volume of 96,500 shares, the short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On First Trust Municipal High Income ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Creative Financial Designs Inc. ADV grew its holdings in shares of First Trust Municipal High Income ETF by 187.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 868 shares of the company’s stock worth $42,000 after purchasing an additional 566 shares during the period. Duncker Streett & Co. Inc. acquired a new position in shares of First Trust Municipal High Income ETF in the 4th quarter worth approximately $67,000. Larson Financial Group LLC acquired a new stake in shares of First Trust Municipal High Income ETF in the third quarter valued at $92,000. Farmers & Merchants Investments Inc. purchased a new position in First Trust Municipal High Income ETF in the 3rd quarter valued at approximately $109,000. Finally, Synergy Investment Management LLC acquired a new stake in shares of First Trust Municipal High Income ETF in the fourth quarter valued at $124,000.

First Trust Municipal High Income ETF Stock Performance

First Trust Municipal High Income ETF stock traded up $0.22 during trading on Thursday, reaching $48.39. 4,364 shares of the company were exchanged, compared to its average volume of 89,618. The stock’s 50 day simple moving average is $48.42 and its two-hundred day simple moving average is $48.81. First Trust Municipal High Income ETF has a 52-week low of $47.33 and a 52-week high of $49.51.

First Trust Municipal High Income ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were issued a $0.163 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date of this dividend was Wednesday, January 22nd.

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.