First Trust Managed Municipal ETF (NASDAQ:FMB) Stock Short Interest Rises 143.9%

First Trust Managed Municipal ETF (NASDAQ:FMB) saw a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 24,782 shares, a growth of 143.9% from the October 15th total of 10,162 shares. Based on an average trading volume of 612,664 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Continuum Advisory LLC acquired a new position in shares of First Trust Managed Municipal ETF in the second quarter worth $29,000. Frazier Financial Advisors LLC purchased a new stake in shares of First Trust Managed Municipal ETF during the first quarter worth $31,000. PFS Partners LLC increased its position in shares of First Trust Managed Municipal ETF by 279.6% during the third quarter. PFS Partners LLC now owns 706 shares of the company’s stock worth $34,000 after acquiring an additional 520 shares during the period. Jacobi Capital Management LLC acquired a new stake in shares of First Trust Managed Municipal ETF in the third quarter valued at $53,000. Finally, Legacy Wealth Managment LLC ID raised its stake in shares of First Trust Managed Municipal ETF by 339.0% in the first quarter. Legacy Wealth Managment LLC ID now owns 1,374 shares of the company’s stock valued at $70,000 after acquiring an additional 1,061 shares in the last quarter.

First Trust Managed Municipal ETF Stock Performance

NASDAQ FMB traded down $0.11 during trading on Friday, hitting $49.49. The stock had a trading volume of 393,064 shares, compared to its average volume of 240,685. The firm has a 50 day moving average price of $48.87 and a 200 day moving average price of $50.52. First Trust Managed Municipal ETF has a twelve month low of $47.38 and a twelve month high of $52.03.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Wednesday, October 21st were paid a $0.1590 dividend. The ex-dividend date of this dividend was Wednesday, October 21st. This represents a $1.91 annualized dividend and a dividend yield of 3.9%.

First Trust Managed Municipal ETF Company Profile

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.