First Trust Managed Municipal ETF (NASDAQ:FMB) Short Interest Down 76.7% in August

First Trust Managed Municipal ETF (NASDAQ:FMB) saw a large decrease in short interest in August. As of August 31st, there was short interest totaling 13,697 shares, a decrease of 76.7% from the August 15th total of 58,696 shares. Based on an average daily trading volume, of 135,688 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

First Trust Managed Municipal ETF Trading Up 0.2%

First Trust Managed Municipal ETF stock traded up $0.08 during midday trading on Friday, reaching $49.19. The company’s stock had a trading volume of 738,576 shares, compared to its average volume of 156,644. The stock’s 50-day simple moving average is $50.41 and its 200-day simple moving average is $50.92. First Trust Managed Municipal ETF has a 52-week low of $49.03 and a 52-week high of $52.03.

First Trust Managed Municipal ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 21st were given a $0.158 dividend. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Friday, August 21st. This is an increase from First Trust Managed Municipal ETF’s previous monthly dividend of $0.16.

Institutional Trading of First Trust Managed Municipal ETF

Several large investors have recently bought and sold shares of the stock. Kintra Wealth LLC increased its stake in First Trust Managed Municipal ETF by 1.2% during the 2nd quarter. Kintra Wealth LLC now owns 18,958 shares of the company’s stock valued at $962,000 after purchasing an additional 216 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of First Trust Managed Municipal ETF by 1.7% during the third quarter. First Trust Advisors LP now owns 13,099 shares of the company’s stock valued at $664,000 after buying an additional 220 shares during the last quarter. Waverly Advisors LLC increased its position in shares of First Trust Managed Municipal ETF by 0.4% in the 2nd quarter. Waverly Advisors LLC now owns 63,752 shares of the company’s stock valued at $3,275,000 after acquiring an additional 233 shares during the period. Baird Financial Group Inc. increased its position in shares of First Trust Managed Municipal ETF by 0.9% in the 2nd quarter. Baird Financial Group Inc. now owns 30,995 shares of the company’s stock valued at $1,544,000 after acquiring an additional 266 shares during the period. Finally, Forum Private Client Group LLC raised its stake in First Trust Managed Municipal ETF by 2.2% in the 4th quarter. Forum Private Client Group LLC now owns 12,387 shares of the company’s stock worth $633,000 after acquiring an additional 272 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.