First Trust Managed Municipal ETF (NASDAQ:FMB) Short Interest Update

First Trust Managed Municipal ETF (NASDAQ:FMB) saw a significant increase in short interest in October. As of October 15th, there was short interest totalling 130,700 shares, an increase of 50.7% from the September 30th total of 86,700 shares. Based on an average trading volume of 158,500 shares, the short-interest ratio is currently 0.8 days.

Institutional Trading of First Trust Managed Municipal ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC increased its position in First Trust Managed Municipal ETF by 3.8% during the second quarter. Sequoia Financial Advisors LLC now owns 1,024,717 shares of the company’s stock valued at $52,322,000 after acquiring an additional 37,199 shares during the last quarter. Congress Wealth Management LLC DE grew its holdings in First Trust Managed Municipal ETF by 2.7% during the 1st quarter. Congress Wealth Management LLC DE now owns 693,046 shares of the company’s stock valued at $35,595,000 after purchasing an additional 17,916 shares during the last quarter. Miracle Mile Advisors LLC grew its holdings in First Trust Managed Municipal ETF by 22.2% during the 3rd quarter. Miracle Mile Advisors LLC now owns 599,874 shares of the company’s stock valued at $31,169,000 after purchasing an additional 109,001 shares during the last quarter. Avantax Advisory Services Inc. raised its position in First Trust Managed Municipal ETF by 44.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 524,971 shares of the company’s stock worth $26,963,000 after purchasing an additional 161,642 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in First Trust Managed Municipal ETF by 14.2% in the second quarter. Envestnet Asset Management Inc. now owns 403,320 shares of the company’s stock worth $20,594,000 after purchasing an additional 50,146 shares during the last quarter.

First Trust Managed Municipal ETF Price Performance

Shares of NASDAQ FMB opened at $51.18 on Tuesday. First Trust Managed Municipal ETF has a 1-year low of $48.08 and a 1-year high of $52.13. The business’s 50 day moving average is $51.75 and its two-hundred day moving average is $51.38.

First Trust Managed Municipal ETF Announces Dividend

The business also recently announced a dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 22nd will be given a dividend of $0.139 per share. The ex-dividend date is Tuesday, October 22nd.

About First Trust Managed Municipal ETF

The First Trust Managed Municipal ETF (FMB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests primarily in investment-grade municipal bonds, with some high-yield exposure. FMB was launched on May 13, 2014 and is managed by First Trust.