Short Interest in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) Increases By 98.7%

First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totaling 60,708 shares, a growth of 98.7% from the December 15th total of 30,549 shares. Based on an average trading volume of 101,402 shares, the short-interest ratio is currently 0.6 days. Approximately 0.5% of the company’s stock are short sold. Approximately 0.5% of the company’s stock are short sold. Based on an average trading volume of 101,402 shares, the short-interest ratio is currently 0.6 days.

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

A number of hedge funds have recently modified their holdings of the business. CoreCap Advisors LLC grew its holdings in First Trust Ultra Short Duration Municipal ETF by 250.6% during the 4th quarter. CoreCap Advisors LLC now owns 4,445 shares of the company’s stock valued at $89,000 after buying an additional 3,177 shares in the last quarter. Occidental Asset Management LLC lifted its position in shares of First Trust Ultra Short Duration Municipal ETF by 13.0% in the 4th quarter. Occidental Asset Management LLC now owns 25,150 shares of the company’s stock worth $505,000 after purchasing an additional 2,900 shares during the period. JPMorgan Chase & Co. boosted its position in First Trust Ultra Short Duration Municipal ETF by 43.6% during the third quarter. JPMorgan Chase & Co. now owns 199,330 shares of the company’s stock valued at $4,007,000 after purchasing an additional 60,500 shares in the last quarter. Advisory Services Network LLC acquired a new stake in First Trust Ultra Short Duration Municipal ETF in the third quarter valued at approximately $77,000. Finally, Kestra Private Wealth Services LLC grew its stake in shares of First Trust Ultra Short Duration Municipal ETF by 47.3% during the third quarter. Kestra Private Wealth Services LLC now owns 100,902 shares of the company’s stock worth $2,028,000 after acquiring an additional 32,390 shares during the last quarter.

First Trust Ultra Short Duration Municipal ETF Trading Up 0.0%

Shares of First Trust Ultra Short Duration Municipal ETF stock opened at $20.13 on Friday. First Trust Ultra Short Duration Municipal ETF has a 1 year low of $19.91 and a 1 year high of $20.72. The firm’s 50-day moving average is $20.08 and its 200 day moving average is $20.10.

First Trust Ultra Short Duration Municipal ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 21st were given a $0.046 dividend. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Friday, November 21st.

About First Trust Ultra Short Duration Municipal ETF

The First Trust Ultra Short Duration Municipal ETF (FUMB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund of US municipal debt with a targeted portfolio duration of less than one year. The fund seeks tax-exempt income and capital preservation. FUMB was launched on Nov 1, 2018 and is managed by First Trust.