First Trust Managed Municipal ETF (NASDAQ:FMB) Short Interest Update

First Trust Managed Municipal ETF (NASDAQ:FMB) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 64,100 shares, an increase of 654.1% from the February 28th total of 8,500 shares. Based on an average daily trading volume, of 205,500 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the shares of the stock are short sold.

First Trust Managed Municipal ETF Price Performance

First Trust Managed Municipal ETF stock traded up $0.21 during midday trading on Friday, hitting $50.38. The company’s stock had a trading volume of 245,722 shares, compared to its average volume of 167,691. First Trust Managed Municipal ETF has a 12 month low of $48.10 and a 12 month high of $52.13. The stock’s 50-day moving average price is $51.05 and its 200-day moving average price is $51.31.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, March 27th.

Institutional Trading of First Trust Managed Municipal ETF

A number of large investors have recently added to or reduced their stakes in the business. Tucker Asset Management LLC lifted its position in shares of First Trust Managed Municipal ETF by 933.3% during the 4th quarter. Tucker Asset Management LLC now owns 589 shares of the company’s stock valued at $30,000 after acquiring an additional 532 shares during the last quarter. Duncker Streett & Co. Inc. purchased a new stake in shares of First Trust Managed Municipal ETF during the fourth quarter valued at $108,000. Pinnacle Bancorp Inc. boosted its position in shares of First Trust Managed Municipal ETF by 152.9% in the 4th quarter. Pinnacle Bancorp Inc. now owns 2,150 shares of the company’s stock valued at $110,000 after purchasing an additional 1,300 shares during the period. Fifth Third Bancorp increased its stake in First Trust Managed Municipal ETF by 177.8% in the 4th quarter. Fifth Third Bancorp now owns 2,778 shares of the company’s stock worth $142,000 after purchasing an additional 1,778 shares in the last quarter. Finally, TrueWealth Advisors LLC acquired a new stake in First Trust Managed Municipal ETF during the 4th quarter worth about $207,000.

First Trust Managed Municipal ETF Company Profile

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.