First Trust Managed Municipal ETF (NASDAQ:FMB) Short Interest Up 46.0% in February

First Trust Managed Municipal ETF (NASDAQ:FMB) was the target of a large increase in short interest in February. As of February 13th, there was short interest totaling 59,679 shares, an increase of 46.0% from the January 29th total of 40,869 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 144,271 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 144,271 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are short sold.

First Trust Managed Municipal ETF Trading Down 0.7%

Shares of NASDAQ FMB traded down $0.34 during midday trading on Tuesday, hitting $51.52. The stock had a trading volume of 68,730 shares, compared to its average volume of 164,509. The business’s 50 day moving average is $51.49 and its 200-day moving average is $51.05. First Trust Managed Municipal ETF has a 52 week low of $48.19 and a 52 week high of $52.03.

First Trust Managed Municipal ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were paid a dividend of $0.155 per share. The ex-dividend date was Friday, February 20th. This represents a c) annualized dividend and a yield of 3.6%. This is a positive change from First Trust Managed Municipal ETF’s previous monthly dividend of $0.15.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Miracle Mile Advisors LLC boosted its position in shares of First Trust Managed Municipal ETF by 50.3% during the third quarter. Miracle Mile Advisors LLC now owns 1,070,100 shares of the company’s stock valued at $54,256,000 after buying an additional 358,121 shares during the last quarter. TrueWealth Financial Partners purchased a new stake in shares of First Trust Managed Municipal ETF during the 4th quarter valued at about $12,720,000. Jane Street Group LLC boosted its holdings in shares of First Trust Managed Municipal ETF by 2,668.1% during the 1st quarter. Jane Street Group LLC now owns 189,530 shares of the company’s stock valued at $9,557,000 after acquiring an additional 182,683 shares during the last quarter. LPL Financial LLC grew its stake in shares of First Trust Managed Municipal ETF by 8.5% in the fourth quarter. LPL Financial LLC now owns 2,308,525 shares of the company’s stock worth $118,046,000 after acquiring an additional 181,458 shares during the period. Finally, Thrivent Financial for Lutherans raised its holdings in shares of First Trust Managed Municipal ETF by 928.8% during the third quarter. Thrivent Financial for Lutherans now owns 126,062 shares of the company’s stock valued at $6,391,000 after purchasing an additional 113,809 shares during the last quarter.

About First Trust Managed Municipal ETF

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.