First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) Short Interest Up 328.3% in February

First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) saw a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 134,708 shares, a growth of 328.3% from the January 29th total of 31,450 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 148,813 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily volume of 148,813 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.5% of the company’s shares are short sold.

Institutional Trading of First Trust Short Duration Managed Municipal ETF

A number of large investors have recently added to or reduced their stakes in the stock. Corient Private Wealth LLC lifted its stake in First Trust Short Duration Managed Municipal ETF by 3.0% in the fourth quarter. Corient Private Wealth LLC now owns 1,225,195 shares of the company’s stock valued at $24,559,000 after purchasing an additional 35,272 shares during the last quarter. NewEdge Advisors LLC increased its holdings in First Trust Short Duration Managed Municipal ETF by 10.4% in the 4th quarter. NewEdge Advisors LLC now owns 487,616 shares of the company’s stock worth $9,774,000 after acquiring an additional 45,972 shares during the last quarter. Cetera Investment Advisers lifted its holdings in First Trust Short Duration Managed Municipal ETF by 4.0% during the fourth quarter. Cetera Investment Advisers now owns 214,530 shares of the company’s stock valued at $4,300,000 after purchasing an additional 8,335 shares during the last quarter. Equitable Holdings Inc. boosted its position in First Trust Short Duration Managed Municipal ETF by 3.3% during the fourth quarter. Equitable Holdings Inc. now owns 80,979 shares of the company’s stock worth $1,623,000 after purchasing an additional 2,617 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in shares of First Trust Short Duration Managed Municipal ETF by 1,541.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 57,463 shares of the company’s stock worth $1,152,000 after purchasing an additional 53,963 shares in the last quarter.

First Trust Short Duration Managed Municipal ETF Price Performance

Shares of FSMB opened at $20.21 on Thursday. The business’s 50 day moving average price is $20.12 and its two-hundred day moving average price is $20.08. First Trust Short Duration Managed Municipal ETF has a 52-week low of $19.47 and a 52-week high of $20.25.

First Trust Short Duration Managed Municipal ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be issued a dividend of $0.053 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Friday, February 20th.

First Trust Short Duration Managed Municipal ETF Company Profile

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.