First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) Short Interest Update

First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 11,100 shares, a drop of 82.2% from the July 15th total of 62,475 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 94,070 shares, the days-to-cover ratio is presently 0.1 days.

First Trust Short Duration Managed Municipal ETF Stock Down 0.1%

Shares of First Trust Short Duration Managed Municipal ETF stock traded down $0.02 during trading on Friday, reaching $19.96. The company’s stock had a trading volume of 56,608 shares, compared to its average volume of 142,661. The business has a 50 day moving average price of $19.97 and a 200-day moving average price of $20.03. First Trust Short Duration Managed Municipal ETF has a 12-month low of $19.80 and a 12-month high of $20.25.

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

Several institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC acquired a new position in shares of First Trust Short Duration Managed Municipal ETF during the 3rd quarter worth $32,000. Legacy Wealth Managment LLC ID lifted its stake in shares of First Trust Short Duration Managed Municipal ETF by 800.7% in the first quarter. Legacy Wealth Managment LLC ID now owns 2,666 shares of the company’s stock valued at $53,000 after purchasing an additional 2,370 shares during the period. Hazlett Burt & Watson Inc. lifted its stake in shares of First Trust Short Duration Managed Municipal ETF by 111.5% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 2,750 shares of the company’s stock valued at $55,000 after purchasing an additional 1,450 shares during the period. US Bancorp DE boosted its holdings in First Trust Short Duration Managed Municipal ETF by 29.4% during the third quarter. US Bancorp DE now owns 3,584 shares of the company’s stock worth $72,000 after buying an additional 815 shares in the last quarter. Finally, Tucker Asset Management LLC purchased a new stake in First Trust Short Duration Managed Municipal ETF during the fourth quarter worth about $82,000.

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.