First Trust Municipal High Income ETF (NASDAQ:FMHI) Short Interest Update

First Trust Municipal High Income ETF (NASDAQ:FMHI) was the recipient of a large drop in short interest in June. As of June 30th, there was short interest totaling 18,323 shares, a drop of 86.6% from the June 15th total of 137,095 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 88,023 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On First Trust Municipal High Income ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. Financial Partners Group Inc raised its holdings in First Trust Municipal High Income ETF by 14.6% in the 4th quarter. Financial Partners Group Inc now owns 227,133 shares of the company’s stock valued at $10,910,000 after acquiring an additional 28,880 shares during the last quarter. Oppenheimer & Co. Inc. lifted its stake in shares of First Trust Municipal High Income ETF by 81.2% during the 4th quarter. Oppenheimer & Co. Inc. now owns 48,517 shares of the company’s stock worth $2,326,000 after purchasing an additional 21,741 shares during the period. RFG Advisory LLC boosted its holdings in shares of First Trust Municipal High Income ETF by 246.5% during the fourth quarter. RFG Advisory LLC now owns 34,599 shares of the company’s stock worth $1,658,000 after purchasing an additional 24,615 shares during the last quarter. Elequin Capital LP boosted its holdings in shares of First Trust Municipal High Income ETF by 779.1% during the third quarter. Elequin Capital LP now owns 30,767 shares of the company’s stock worth $1,462,000 after purchasing an additional 27,267 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new stake in shares of First Trust Municipal High Income ETF in the third quarter valued at $1,347,000.

First Trust Municipal High Income ETF Trading Down 0.0%

FMHI stock traded down $0.02 during trading on Monday, hitting $48.36. The stock had a trading volume of 188,950 shares, compared to its average volume of 113,179. The company’s 50 day moving average price is $48.23 and its two-hundred day moving average price is $48.13. First Trust Municipal High Income ETF has a 1-year low of $45.83 and a 1-year high of $48.73.

First Trust Municipal High Income ETF Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.177 per share. This is a boost from First Trust Municipal High Income ETF’s previous dividend of $0.18. The ex-dividend date was Thursday, June 25th.

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.