First Trust Municipal High Income ETF (NASDAQ:FMHI) Short Interest Update

First Trust Municipal High Income ETF (NASDAQ:FMHI) was the target of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 47,760 shares, a drop of 43.1% from the February 12th total of 83,882 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 93,997 shares, the short-interest ratio is currently 0.5 days. Based on an average trading volume of 93,997 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the shares of the company are short sold.

Hedge Funds Weigh In On First Trust Municipal High Income ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. bought a new stake in shares of First Trust Municipal High Income ETF in the 2nd quarter worth approximately $27,000. Farther Finance Advisors LLC increased its position in shares of First Trust Municipal High Income ETF by 21.3% during the third quarter. Farther Finance Advisors LLC now owns 1,207 shares of the company’s stock valued at $57,000 after purchasing an additional 212 shares during the period. Camelot Portfolios LLC bought a new stake in shares of First Trust Municipal High Income ETF during the fourth quarter valued at approximately $96,000. Hughes Financial Services LLC raised its stake in shares of First Trust Municipal High Income ETF by 25.7% in the third quarter. Hughes Financial Services LLC now owns 3,074 shares of the company’s stock valued at $148,000 after purchasing an additional 629 shares in the last quarter. Finally, CoreCap Advisors LLC raised its stake in shares of First Trust Municipal High Income ETF by 243.8% in the fourth quarter. CoreCap Advisors LLC now owns 3,792 shares of the company’s stock valued at $182,000 after purchasing an additional 2,689 shares in the last quarter.

First Trust Municipal High Income ETF Price Performance

NASDAQ:FMHI traded up $0.11 during trading hours on Friday, hitting $48.08. 175,815 shares of the company traded hands, compared to its average volume of 123,798. First Trust Municipal High Income ETF has a twelve month low of $44.80 and a twelve month high of $49.05. The firm has a 50-day moving average of $48.22 and a 200 day moving average of $47.89.

First Trust Municipal High Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were given a dividend of $0.175 per share. This represents a c) dividend on an annualized basis and a yield of 4.4%. This is a boost from First Trust Municipal High Income ETF’s previous monthly dividend of $0.17. The ex-dividend date of this dividend was Friday, February 20th.

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.