First Trust Municipal High Income ETF (NASDAQ:FMHI – Get Free Report) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totalling 4,600 shares, a drop of 77.8% from the June 30th total of 20,700 shares. Based on an average daily volume of 51,400 shares, the short-interest ratio is currently 0.1 days.
Institutional Trading of First Trust Municipal High Income ETF
Large investors have recently bought and sold shares of the business. Principal Securities Inc. acquired a new stake in First Trust Municipal High Income ETF in the fourth quarter valued at about $48,000. Creekmur Asset Management LLC acquired a new stake in First Trust Municipal High Income ETF in the fourth quarter valued at about $53,000. Westside Investment Management Inc. boosted its stake in First Trust Municipal High Income ETF by 66.7% in the first quarter. Westside Investment Management Inc. now owns 2,500 shares of the company’s stock valued at $120,000 after buying an additional 1,000 shares in the last quarter. Wealthcare Advisory Partners LLC acquired a new stake in shares of First Trust Municipal High Income ETF during the fourth quarter valued at about $200,000. Finally, Key Financial Inc acquired a new stake in shares of First Trust Municipal High Income ETF during the fourth quarter valued at about $209,000.
First Trust Municipal High Income ETF Stock Performance
NASDAQ:FMHI traded up $0.04 during trading hours on Friday, hitting $48.68. The company’s stock had a trading volume of 76,844 shares, compared to its average volume of 62,058. The stock has a fifty day simple moving average of $48.33 and a 200-day simple moving average of $48.01. First Trust Municipal High Income ETF has a twelve month low of $43.88 and a twelve month high of $49.32.
First Trust Municipal High Income ETF Announces Dividend
First Trust Municipal High Income ETF Company Profile
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.
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