First Trust Municipal High Income ETF (NASDAQ:FMHI) Short Interest Up 50.6% in January

First Trust Municipal High Income ETF (NASDAQ:FMHI) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 41,889 shares, an increase of 50.6% from the December 31st total of 27,809 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 109,210 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 109,210 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are short sold.

Hedge Funds Weigh In On First Trust Municipal High Income ETF

A number of hedge funds have recently modified their holdings of FMHI. Envestnet Asset Management Inc. boosted its holdings in shares of First Trust Municipal High Income ETF by 2.3% in the second quarter. Envestnet Asset Management Inc. now owns 70,809 shares of the company’s stock valued at $3,307,000 after acquiring an additional 1,561 shares in the last quarter. Avantax Advisory Services Inc. raised its position in First Trust Municipal High Income ETF by 20.3% during the second quarter. Avantax Advisory Services Inc. now owns 58,243 shares of the company’s stock worth $2,720,000 after acquiring an additional 9,829 shares during the last quarter. Ashton Thomas Securities LLC lifted its stake in First Trust Municipal High Income ETF by 139.5% in the 2nd quarter. Ashton Thomas Securities LLC now owns 48,416 shares of the company’s stock valued at $2,261,000 after buying an additional 28,201 shares in the last quarter. ShoreHaven Wealth Partners LLC lifted its position in shares of First Trust Municipal High Income ETF by 75.9% in the third quarter. ShoreHaven Wealth Partners LLC now owns 45,541 shares of the company’s stock valued at $2,164,000 after acquiring an additional 19,644 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its stake in shares of First Trust Municipal High Income ETF by 20.1% during the 2nd quarter. International Assets Investment Management LLC now owns 10,157 shares of the company’s stock worth $474,000 after purchasing an additional 1,700 shares during the last quarter.

First Trust Municipal High Income ETF Trading Up 0.1%

Shares of First Trust Municipal High Income ETF stock traded up $0.04 during trading hours on Friday, hitting $48.03. The company had a trading volume of 87,757 shares, compared to its average volume of 120,033. First Trust Municipal High Income ETF has a twelve month low of $44.80 and a twelve month high of $49.05. The company’s 50-day moving average is $47.94 and its two-hundred day moving average is $47.44.

First Trust Municipal High Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st were given a dividend of $0.174 per share. This represents a c) annualized dividend and a yield of 4.3%. This is a positive change from First Trust Municipal High Income ETF’s previous monthly dividend of $0.17. The ex-dividend date of this dividend was Wednesday, January 21st.

About First Trust Municipal High Income ETF

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.