First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) Short Interest Update

First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) was the recipient of a large decrease in short interest in April. As of April 15th, there was short interest totaling 8,380 shares, a decrease of 46.4% from the March 31st total of 15,638 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 77,569 shares, the short-interest ratio is currently 0.1 days.

First Trust Ultra Short Duration Municipal ETF Trading Up 0.0%

NYSEARCA:FUMB traded up $0.01 on Monday, hitting $20.05. 21,285 shares of the company’s stock traded hands, compared to its average volume of 90,604. First Trust Ultra Short Duration Municipal ETF has a 1 year low of $20.02 and a 1 year high of $20.72. The firm has a 50-day moving average price of $20.09 and a 200-day moving average price of $20.09.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FUMB. Kestra Private Wealth Services LLC increased its stake in First Trust Ultra Short Duration Municipal ETF by 8.3% in the 1st quarter. Kestra Private Wealth Services LLC now owns 148,742 shares of the company’s stock valued at $2,982,000 after buying an additional 11,342 shares during the period. RFG Advisory LLC boosted its stake in shares of First Trust Ultra Short Duration Municipal ETF by 13.9% during the 1st quarter. RFG Advisory LLC now owns 12,101 shares of the company’s stock valued at $243,000 after buying an additional 1,481 shares during the period. WealthBridge Capital Management LLC grew its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 23.8% during the 1st quarter. WealthBridge Capital Management LLC now owns 54,765 shares of the company’s stock valued at $1,098,000 after acquiring an additional 10,512 shares in the last quarter. XML Financial LLC grew its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 10.4% during the 1st quarter. XML Financial LLC now owns 526,024 shares of the company’s stock valued at $10,547,000 after acquiring an additional 49,726 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its stake in shares of First Trust Ultra Short Duration Municipal ETF by 38.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 124,464 shares of the company’s stock worth $2,497,000 after acquiring an additional 34,765 shares during the last quarter.

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.