First Trust Municipal High Income ETF (NASDAQ:FMHI) Short Interest Up 106.8% in March

First Trust Municipal High Income ETF (NASDAQ:FMHI) was the recipient of a significant growth in short interest in March. As of March 13th, there was short interest totaling 98,750 shares, a growth of 106.8% from the February 26th total of 47,760 shares. Based on an average daily trading volume, of 118,694 shares, the short-interest ratio is currently 0.8 days. Currently, 0.5% of the shares of the stock are short sold.

Hedge Funds Weigh In On First Trust Municipal High Income ETF

Several large investors have recently bought and sold shares of the company. Rockefeller Capital Management L.P. grew its holdings in shares of First Trust Municipal High Income ETF by 2.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 128,294 shares of the company’s stock worth $6,150,000 after purchasing an additional 3,153 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of First Trust Municipal High Income ETF by 15.8% during the fourth quarter. NewEdge Advisors LLC now owns 252,733 shares of the company’s stock worth $12,115,000 after purchasing an additional 34,571 shares during the period. Main Street Financial Solutions LLC grew its stake in shares of First Trust Municipal High Income ETF by 16.2% in the fourth quarter. Main Street Financial Solutions LLC now owns 25,965 shares of the company’s stock worth $1,245,000 after purchasing an additional 3,619 shares during the last quarter. Cetera Investment Advisers raised its position in First Trust Municipal High Income ETF by 13.5% during the 4th quarter. Cetera Investment Advisers now owns 277,945 shares of the company’s stock worth $13,323,000 after purchasing an additional 33,152 shares during the last quarter. Finally, Osaic Holdings Inc. raised its position in First Trust Municipal High Income ETF by 16.9% during the 4th quarter. Osaic Holdings Inc. now owns 181,418 shares of the company’s stock worth $8,696,000 after purchasing an additional 26,291 shares during the last quarter.

First Trust Municipal High Income ETF Stock Down 0.6%

Shares of NASDAQ:FMHI traded down $0.30 during trading on Thursday, hitting $47.29. 81,486 shares of the company were exchanged, compared to its average volume of 122,489. The business’s 50 day moving average is $48.17 and its 200-day moving average is $47.97. First Trust Municipal High Income ETF has a 1-year low of $44.80 and a 1-year high of $48.73.

First Trust Municipal High Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were given a dividend of $0.175 per share. The ex-dividend date was Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 4.4%. This is an increase from First Trust Municipal High Income ETF’s previous monthly dividend of $0.17.

About First Trust Municipal High Income ETF

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.