First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) Stock Short Interest Report for September

First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 137,031 shares, an increase of 59.5% from the September 15th total of 85,925 shares. Based on an average daily volume of 254,863 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.4% of the company’s stock are short sold.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. IFP Advisors Inc boosted its position in First Trust Short Duration Managed Municipal ETF by 0.5% during the 3rd quarter. IFP Advisors Inc now owns 136,843 shares of the company’s stock worth $2,663,000 after acquiring an additional 709 shares during the period. Copper Harbor Investment Advisors LLC grew its stake in First Trust Short Duration Managed Municipal ETF by 246.9% during the 3rd quarter. Copper Harbor Investment Advisors LLC now owns 416,118 shares of the company’s stock valued at $8,098,000 after acquiring an additional 296,158 shares in the last quarter. True Blue Financial LLC grew its stake in First Trust Short Duration Managed Municipal ETF by 3.8% during the 3rd quarter. True Blue Financial LLC now owns 247,082 shares of the company’s stock valued at $4,808,000 after acquiring an additional 9,063 shares in the last quarter. Trust Co. of Oklahoma purchased a new position in First Trust Short Duration Managed Municipal ETF during the 3rd quarter valued at about $649,000. Finally, Avaii Wealth Management LLC increased its holdings in shares of First Trust Short Duration Managed Municipal ETF by 2.2% in the 3rd quarter. Avaii Wealth Management LLC now owns 55,320 shares of the company’s stock valued at $1,080,000 after purchasing an additional 1,194 shares during the period.

First Trust Short Duration Managed Municipal ETF Price Performance

Shares of FSMB traded up $0.02 during mid-day trading on Friday, reaching $19.64. The company’s stock had a trading volume of 208,842 shares, compared to its average volume of 168,302. The business has a fifty day moving average of $19.73 and a 200 day moving average of $19.89. First Trust Short Duration Managed Municipal ETF has a 1 year low of $19.36 and a 1 year high of $20.25.

About First Trust Short Duration Managed Municipal ETF

The First Trust Short Duration Managed Municipal ETF (FSMB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of US municipal debt with a targeted portfolio duration of 1 to 3 years. The fund seeks tax-exempt income and capital preservation. FSMB was launched on Nov 1, 2018 and is managed by First Trust.