First Trust Municipal High Income ETF (NASDAQ:FMHI) Short Interest Up 119.8% in January

First Trust Municipal High Income ETF (NASDAQ:FMHI) was the recipient of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 92,077 shares, an increase of 119.8% from the January 15th total of 41,889 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 129,223 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily trading volume, of 129,223 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.5% of the shares of the stock are short sold.

First Trust Municipal High Income ETF Stock Performance

Shares of First Trust Municipal High Income ETF stock traded up $0.08 during trading on Friday, hitting $48.47. The stock had a trading volume of 163,760 shares, compared to its average volume of 131,362. First Trust Municipal High Income ETF has a 1 year low of $44.80 and a 1 year high of $49.05. The stock has a 50 day simple moving average of $48.00 and a 200 day simple moving average of $47.57.

First Trust Municipal High Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st were paid a $0.174 dividend. The ex-dividend date was Wednesday, January 21st. This represents a c) annualized dividend and a yield of 4.3%. This is a boost from First Trust Municipal High Income ETF’s previous monthly dividend of $0.17.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN increased its stake in shares of First Trust Municipal High Income ETF by 15.6% during the 4th quarter. Wells Fargo & Company MN now owns 1,145,777 shares of the company’s stock worth $54,922,000 after purchasing an additional 154,624 shares during the last quarter. LPL Financial LLC lifted its stake in shares of First Trust Municipal High Income ETF by 12.5% in the 4th quarter. LPL Financial LLC now owns 1,167,716 shares of the company’s stock valued at $55,974,000 after purchasing an additional 129,684 shares during the last quarter. Jane Street Group LLC boosted its holdings in First Trust Municipal High Income ETF by 888.7% in the second quarter. Jane Street Group LLC now owns 131,035 shares of the company’s stock worth $6,119,000 after purchasing an additional 117,782 shares in the last quarter. Morgan Stanley increased its position in First Trust Municipal High Income ETF by 9.7% during the fourth quarter. Morgan Stanley now owns 1,321,787 shares of the company’s stock worth $63,359,000 after buying an additional 117,314 shares during the last quarter. Finally, Ashton Thomas Securities LLC increased its position in First Trust Municipal High Income ETF by 190.9% during the third quarter. Ashton Thomas Securities LLC now owns 140,845 shares of the company’s stock worth $6,692,000 after buying an additional 92,429 shares during the last quarter.

First Trust Municipal High Income ETF Company Profile

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.