Short Interest in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) Increases By 105.9%

First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 31,684 shares, a growth of 105.9% from the December 15th total of 15,390 shares. Based on an average trading volume of 81,376 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 81,376 shares, the short-interest ratio is currently 0.4 days.

First Trust Short Duration Managed Municipal ETF Trading Up 0.0%

Shares of First Trust Short Duration Managed Municipal ETF stock opened at $20.13 on Friday. First Trust Short Duration Managed Municipal ETF has a 52-week low of $19.47 and a 52-week high of $20.21. The company’s 50-day simple moving average is $20.05 and its 200-day simple moving average is $20.04.

First Trust Short Duration Managed Municipal ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 21st were paid a dividend of $0.052 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, November 21st.

Institutional Trading of First Trust Short Duration Managed Municipal ETF

Several hedge funds have recently modified their holdings of the business. Hazlett Burt & Watson Inc. acquired a new position in First Trust Short Duration Managed Municipal ETF during the third quarter worth $26,000. Advisory Services Network LLC acquired a new stake in First Trust Short Duration Managed Municipal ETF in the third quarter valued at $32,000. Evolution Wealth Management Inc. purchased a new stake in shares of First Trust Short Duration Managed Municipal ETF during the 2nd quarter worth $33,000. US Bancorp DE boosted its position in shares of First Trust Short Duration Managed Municipal ETF by 29.4% during the 3rd quarter. US Bancorp DE now owns 3,584 shares of the company’s stock worth $72,000 after purchasing an additional 815 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of First Trust Short Duration Managed Municipal ETF by 29.7% during the 2nd quarter. Farther Finance Advisors LLC now owns 5,154 shares of the company’s stock worth $103,000 after purchasing an additional 1,180 shares during the period.

First Trust Short Duration Managed Municipal ETF Company Profile

The First Trust Short Duration Managed Municipal ETF (FSMB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of US municipal debt with a targeted portfolio duration of 1 to 3 years. The fund seeks tax-exempt income and capital preservation. FSMB was launched on Nov 1, 2018 and is managed by First Trust.