First Trust Managed Municipal ETF (NASDAQ:FMB) Sees Large Increase in Short Interest

First Trust Managed Municipal ETF (NASDAQ:FMB) saw a significant growth in short interest in the month of 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 trading volume of 115,445 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Hedge Funds Weigh In On First Trust Managed Municipal ETF

Several institutional investors and hedge funds have recently bought and sold shares of FMB. TrueWealth Financial Partners purchased a new position in First Trust Managed Municipal ETF during the fourth quarter valued at $12,720,000. Jane Street Group LLC lifted its position in 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 purchasing an additional 182,683 shares in the last quarter. LPL Financial LLC lifted its position in 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 purchasing an additional 181,458 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in 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 purchasing an additional 113,809 shares in the last quarter. Finally, Composition Wealth LLC lifted its position in shares of First Trust Managed Municipal ETF by 8.7% in 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 Stock Performance

Shares of FMB traded down $0.26 during trading hours on Friday, hitting $50.80. The stock had a trading volume of 135,611 shares, compared to its average volume of 147,762. First Trust Managed Municipal ETF has a 12 month low of $49.28 and a 12 month high of $52.03. The stock has a fifty day moving average price of $51.09 and a 200 day moving average price of $51.26.

First Trust Managed Municipal ETF Dividend Announcement

The business also recently announced 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 was Tuesday, April 21st. This represents a c) annualized dividend and a yield of 3.7%.

About First Trust Managed Municipal ETF

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.