First Trust Managed Municipal ETF (NASDAQ:FMB) Stock Short Interest Report for October

First Trust Managed Municipal ETF (NASDAQ:FMB) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 10,162 shares, a decline of 35.0% from the September 30th total of 15,626 shares. Based on an average trading volume of 658,038 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

First Trust Managed Municipal ETF Price Performance

NASDAQ FMB opened at $49.42 on Monday. First Trust Managed Municipal ETF has a 52 week low of $47.38 and a 52 week high of $52.03. The firm’s 50-day simple moving average is $48.92 and its two-hundred day simple moving average is $50.59.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Wednesday, October 21st were paid a $0.1590 dividend. The ex-dividend date was Wednesday, October 21st. This represents a $1.91 annualized dividend and a dividend yield of 3.9%.

Institutional Trading of First Trust Managed Municipal ETF

Institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC grew its stake in First Trust Managed Municipal ETF by 5.7% during the first quarter. NewEdge Advisors LLC now owns 428,809 shares of the company’s stock valued at $21,723,000 after acquiring an additional 22,968 shares in the last quarter. Integrated Wealth Concepts LLC lifted its stake in First Trust Managed Municipal ETF by 124.7% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 46,527 shares of the company’s stock worth $2,390,000 after purchasing an additional 25,824 shares in the last quarter. Blackhawk Capital Partners LLC lifted its stake in First Trust Managed Municipal ETF by 53.1% in the 1st quarter. Blackhawk Capital Partners LLC now owns 114,133 shares of the company’s stock worth $5,782,000 after purchasing an additional 39,581 shares in the last quarter. Waverly Advisors LLC lifted its stake in First Trust Managed Municipal ETF by 35.0% in the 1st quarter. Waverly Advisors LLC now owns 63,519 shares of the company’s stock worth $3,218,000 after purchasing an additional 16,467 shares in the last quarter. Finally, Old Mission Investment Co LLC bought a new position in First Trust Managed Municipal ETF in the 2nd quarter valued at $518,000.

First Trust Managed Municipal ETF Company Profile

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.