First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) Shares Shorted: Short Interest Up 161.6% in September

First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 169,236 shares, an increase of 161.6% from the September 15th total of 64,705 shares. Based on an average daily trading volume, of 179,943 shares, the days-to-cover ratio is presently 0.9 days. Currently, 1.3% of the company’s stock are sold short.

Institutional Trading of First Trust Ultra Short Duration Municipal ETF

Several large investors have recently bought and sold shares of FUMB. Inspirion Wealth Advisors LLC raised its stake in shares of First Trust Ultra Short Duration Municipal ETF by 7.3% during the third quarter. Inspirion Wealth Advisors LLC now owns 52,432 shares of the company’s stock valued at $1,043,000 after purchasing an additional 3,550 shares during the period. Farther Finance Advisors LLC lifted its position in shares of First Trust Ultra Short Duration Municipal ETF by 53.2% during the third quarter. Farther Finance Advisors LLC now owns 11,645 shares of the company’s stock worth $232,000 after purchasing an additional 4,045 shares in the last quarter. CoreCap Advisors LLC lifted its position in shares of First Trust Ultra Short Duration Municipal ETF by 13.1% during the third quarter. CoreCap Advisors LLC now owns 8,926 shares of the company’s stock worth $178,000 after purchasing an additional 1,032 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of First Trust Ultra Short Duration Municipal ETF by 3.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 23,513 shares of the company’s stock valued at $472,000 after purchasing an additional 758 shares during the period. Finally, RFG Advisory LLC grew its holdings in First Trust Ultra Short Duration Municipal ETF by 54.8% during the 2nd quarter. RFG Advisory LLC now owns 18,736 shares of the company’s stock valued at $376,000 after purchasing an additional 6,635 shares in the last quarter.

First Trust Ultra Short Duration Municipal ETF Stock Performance

Shares of FUMB stock remained flat at $19.97 during trading hours on Wednesday. The stock had a trading volume of 116,374 shares, compared to its average volume of 100,255. First Trust Ultra Short Duration Municipal ETF has a fifty-two week low of $19.88 and a fifty-two week high of $20.72. The company’s fifty day simple moving average is $20.01 and its two-hundred day simple moving average is $20.05.

About First Trust Ultra Short Duration Municipal ETF

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.