First Trust Municipal High Income ETF (NASDAQ:FMHI) Sees Significant Decrease in Short Interest

First Trust Municipal High Income ETF (NASDAQ:FMHI) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totaling 17,121 shares, a decline of 70.1% from the March 31st total of 57,201 shares. Based on an average daily volume of 149,741 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On First Trust Municipal High Income ETF

Several institutional investors have recently modified their holdings of FMHI. Wells Fargo & Company MN boosted its stake in shares of First Trust Municipal High Income ETF by 15.6% during the 4th quarter. Wells Fargo & Company MN now owns 1,145,777 shares of the company’s stock worth $54,922,000 after acquiring an additional 154,624 shares in the last quarter. LPL Financial LLC boosted its stake in shares of First Trust Municipal High Income ETF by 12.5% during the 4th quarter. LPL Financial LLC now owns 1,167,716 shares of the company’s stock worth $55,974,000 after acquiring an additional 129,684 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of First Trust Municipal High Income ETF by 888.7% during the 2nd quarter. Jane Street Group LLC now owns 131,035 shares of the company’s stock worth $6,119,000 after acquiring an additional 117,782 shares in the last quarter. Morgan Stanley boosted its stake in shares of First Trust Municipal High Income ETF by 9.7% during the 4th quarter. Morgan Stanley now owns 1,321,787 shares of the company’s stock worth $63,359,000 after acquiring an additional 117,314 shares in the last quarter. Finally, Ashton Thomas Securities LLC boosted its stake in shares of First Trust Municipal High Income ETF by 190.9% during the 3rd quarter. Ashton Thomas Securities LLC now owns 140,845 shares of the company’s stock worth $6,692,000 after acquiring an additional 92,429 shares in the last quarter.

First Trust Municipal High Income ETF Stock Performance

NASDAQ FMHI traded down $0.02 on Monday, hitting $48.12. 58,509 shares of the company’s stock were exchanged, compared to its average volume of 123,533. The firm’s 50-day moving average price is $48.08 and its two-hundred day moving average price is $48.03. First Trust Municipal High Income ETF has a fifty-two week low of $45.83 and a fifty-two week high of $48.73.

First Trust Municipal High Income ETF Dividend Announcement

The company also recently declared a dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, April 21st will be paid a dividend of $0.175 per share. The ex-dividend date of this dividend is Tuesday, April 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.