First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) Sees Significant Growth in Short Interest

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

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

A number of large investors have recently modified their holdings of the stock. Newbridge Financial Services Group Inc. purchased a new stake in shares of First Trust Ultra Short Duration Municipal ETF during the 2nd quarter valued at about $29,000. Advisory Services Network LLC bought a new stake in shares of First Trust Ultra Short Duration Municipal ETF in the 3rd quarter worth about $77,000. Ameritas Advisory Services LLC bought a new stake in First Trust Ultra Short Duration Municipal ETF in the second quarter valued at about $83,000. CoreCap Advisors LLC raised its position in shares of 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 acquiring an additional 3,177 shares in the last quarter. Finally, AE Wealth Management LLC acquired a new stake in shares of First Trust Ultra Short Duration Municipal ETF during the third quarter worth $103,000.

First Trust Ultra Short Duration Municipal ETF Stock Performance

Shares of FUMB stock traded up $0.01 during mid-day trading on Friday, reaching $20.13. The company’s stock had a trading volume of 49,823 shares, compared to its average volume of 126,393. The company’s 50 day simple moving average is $20.08 and its 200-day simple moving average is $20.10. First Trust Ultra Short Duration Municipal ETF has a 12-month low of $19.91 and a 12-month high of $20.72.

First Trust Ultra Short Duration Municipal ETF Announces Dividend

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

First Trust Ultra Short Duration Municipal ETF Company Profile

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.