First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) Short Interest Down 64.3% in December

First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) was the recipient of a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 15,390 shares, a decrease of 64.3% from the November 30th total of 43,090 shares. Based on an average daily volume of 83,407 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 83,407 shares, the short-interest ratio is currently 0.2 days.

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

Several institutional investors have recently bought and sold shares of FSMB. Raymond James Financial Inc. grew its position in First Trust Short Duration Managed Municipal ETF by 3.1% in the 2nd quarter. Raymond James Financial Inc. now owns 1,751,968 shares of the company’s stock valued at $34,873,000 after buying an additional 53,489 shares in the last quarter. RMR Wealth Builders lifted its stake in shares of First Trust Short Duration Managed Municipal ETF by 9.5% in the 3rd quarter. RMR Wealth Builders now owns 943,851 shares of the company’s stock worth $18,953,000 after acquiring an additional 81,683 shares during the period. TruWealth Advisors LLC lifted its stake in shares of First Trust Short Duration Managed Municipal ETF by 3.1% in the 3rd quarter. TruWealth Advisors LLC now owns 641,990 shares of the company’s stock worth $12,891,000 after acquiring an additional 19,201 shares during the period. Royal Bank of Canada boosted its holdings in shares of First Trust Short Duration Managed Municipal ETF by 3.7% in the first quarter. Royal Bank of Canada now owns 424,996 shares of the company’s stock valued at $8,445,000 after acquiring an additional 15,155 shares in the last quarter. Finally, NewEdge Advisors LLC increased its stake in shares of First Trust Short Duration Managed Municipal ETF by 12.8% during the second quarter. NewEdge Advisors LLC now owns 417,780 shares of the company’s stock valued at $8,316,000 after acquiring an additional 47,538 shares during the period.

First Trust Short Duration Managed Municipal ETF Stock Performance

FSMB stock traded up $0.02 on Friday, reaching $20.04. The company’s stock had a trading volume of 71,413 shares, compared to its average volume of 96,631. First Trust Short Duration Managed Municipal ETF has a 52 week low of $19.47 and a 52 week high of $20.21. The firm has a fifty day moving average of $20.04 and a two-hundred day moving average of $20.02.

First Trust Short Duration Managed Municipal ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 21st were issued a dividend of $0.052 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, November 21st.

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.