First Trust Municipal High Income ETF (NASDAQ:FMHI) Short Interest Up 213.8% in August

First Trust Municipal High Income ETF (NASDAQ:FMHI) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 79,811 shares, an increase of 213.8% from the August 15th total of 25,433 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 202,171 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of First Trust Municipal High Income ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Dynamic Advisor Solutions LLC increased its position in First Trust Municipal High Income ETF by 3.1% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 8,335 shares of the company’s stock worth $404,000 after purchasing an additional 252 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its position in First Trust Municipal High Income ETF by 1.6% in the first quarter. Nations Financial Group Inc. IA ADV now owns 19,160 shares of the company’s stock valued at $911,000 after buying an additional 300 shares in the last quarter. Altus Wealth Group LLC grew its stake in shares of First Trust Municipal High Income ETF by 4.5% during the fourth quarter. Altus Wealth Group LLC now owns 7,484 shares of the company’s stock worth $359,000 after buying an additional 320 shares during the last quarter. Orion Porfolio Solutions LLC grew its stake in shares of First Trust Municipal High Income ETF by 4.7% during the second quarter. Orion Porfolio Solutions LLC now owns 8,184 shares of the company’s stock worth $382,000 after buying an additional 365 shares during the last quarter. Finally, GSG Advisors LLC increased its holdings in shares of First Trust Municipal High Income ETF by 1.6% during the first quarter. GSG Advisors LLC now owns 27,588 shares of the company’s stock worth $1,312,000 after buying an additional 425 shares in the last quarter.

First Trust Municipal High Income ETF Stock Up 0.4%

First Trust Municipal High Income ETF stock traded up $0.19 during mid-day trading on Friday, reaching $46.35. The company’s stock had a trading volume of 170,160 shares, compared to its average volume of 116,829. First Trust Municipal High Income ETF has a 12 month low of $46.03 and a 12 month high of $48.73. The business’s 50 day simple moving average is $47.63 and its 200 day simple moving average is $47.95.

First Trust Municipal High Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 21st were issued a $0.178 dividend. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date was Friday, August 21st. This is a positive change from First Trust Municipal High Income ETF’s previous monthly dividend of $0.18.

First Trust Municipal High Income ETF Company Profile

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.