First Trust Managed Municipal ETF (NASDAQ:FMB) Short Interest Up 131.0% in April

First Trust Managed Municipal ETF (NASDAQ:FMB) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totaling 14,509 shares, a growth of 131.0% from the April 15th total of 6,282 shares. Based on an average daily volume of 115,445 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Investors Weigh In On First Trust Managed Municipal ETF

Several institutional investors and hedge funds have recently made changes to their positions in FMB. TrueWealth Financial Partners bought a new stake in shares of First Trust Managed Municipal ETF during the fourth quarter valued at approximately $12,720,000. Jane Street Group LLC increased its position in shares of First Trust Managed Municipal ETF by 2,668.1% during the first quarter. Jane Street Group LLC now owns 189,530 shares of the company’s stock valued at $9,557,000 after acquiring an additional 182,683 shares in the last quarter. LPL Financial LLC increased its position in shares of First Trust Managed Municipal ETF by 8.5% during the fourth quarter. LPL Financial LLC now owns 2,308,525 shares of the company’s stock valued at $118,046,000 after acquiring an additional 181,458 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of First Trust Managed Municipal ETF by 928.8% during the third quarter. Thrivent Financial for Lutherans now owns 126,062 shares of the company’s stock valued at $6,391,000 after acquiring an additional 113,809 shares in the last quarter. Finally, Composition Wealth LLC increased its position in shares of First Trust Managed Municipal ETF by 8.7% during the fourth quarter. Composition Wealth LLC now owns 1,163,045 shares of the company’s stock valued at $59,472,000 after acquiring an additional 92,945 shares in the last quarter.

First Trust Managed Municipal ETF Price Performance

Shares of NASDAQ FMB traded down $0.26 on Friday, reaching $50.80. 135,611 shares of the company’s stock traded hands, compared to its average volume of 147,762. The business’s 50 day simple moving average is $51.09 and its two-hundred day simple moving average is $51.26. First Trust Managed Municipal ETF has a 12 month low of $49.28 and a 12 month high of $52.03.

First Trust Managed Municipal ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, April 21st were given a dividend of $0.156 per share. The ex-dividend date of this dividend was Tuesday, April 21st. This represents a c) annualized dividend and a dividend yield of 3.7%.

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.