Short Interest in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) Grows By 211.7%

First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) was the target of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 19,770 shares, a growth of 211.7% from the January 15th total of 6,342 shares. Based on an average daily volume of 89,164 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the shares of the company are short sold. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 89,164 shares, the short-interest ratio is currently 0.2 days.

First Trust Ultra Short Duration Municipal ETF Stock Performance

NYSEARCA:FUMB opened at $20.13 on Friday. The stock’s 50 day moving average price is $20.09 and its 200 day moving average price is $20.10. First Trust Ultra Short Duration Municipal ETF has a 52-week low of $19.91 and a 52-week high of $20.72.

First Trust Ultra Short Duration Municipal ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, January 21st were given a dividend of $0.046 per share. The ex-dividend date was Wednesday, January 21st. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%.

Institutional Trading of First Trust Ultra Short Duration Municipal ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Cetera Investment Advisers increased its stake in First Trust Ultra Short Duration Municipal ETF by 12.9% in the 2nd quarter. Cetera Investment Advisers now owns 72,008 shares of the company’s stock valued at $1,447,000 after buying an additional 8,217 shares during the period. XML Financial LLC boosted its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 5.3% in the third quarter. XML Financial LLC now owns 507,182 shares of the company’s stock valued at $10,194,000 after acquiring an additional 25,633 shares in the last quarter. Meridian Wealth Management LLC acquired a new position in shares of First Trust Ultra Short Duration Municipal ETF during the second quarter worth about $241,000. J.W. Cole Advisors Inc. raised its holdings in First Trust Ultra Short Duration Municipal ETF by 4.5% during the second quarter. J.W. Cole Advisors Inc. now owns 149,331 shares of the company’s stock worth $3,002,000 after purchasing an additional 6,429 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its position in First Trust Ultra Short Duration Municipal ETF by 62.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 39,703 shares of the company’s stock valued at $798,000 after purchasing an additional 15,285 shares during the period.

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.