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

First Trust Municipal High Income ETF (NASDAQ:FMHI) was the recipient of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 14,500 shares, a decrease of 54.5% from the February 13th total of 31,900 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 87,800 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of First Trust Municipal High Income ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Great Valley Advisor Group Inc. increased its stake in shares of First Trust Municipal High Income ETF by 1.1% in the third quarter. Great Valley Advisor Group Inc. now owns 19,639 shares of the company’s stock valued at $970,000 after buying an additional 209 shares in the last quarter. Flagstar Advisors Inc. increased its stake in shares of First Trust Municipal High Income ETF by 0.7% in the fourth quarter. Flagstar Advisors Inc. now owns 28,975 shares of the company’s stock valued at $1,399,000 after buying an additional 212 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its holdings in First Trust Municipal High Income ETF by 1.7% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 14,815 shares of the company’s stock valued at $715,000 after acquiring an additional 250 shares during the last quarter. Boyd Wealth Management LLC increased its position in First Trust Municipal High Income ETF by 1.5% in the fourth quarter. Boyd Wealth Management LLC now owns 18,492 shares of the company’s stock worth $893,000 after purchasing an additional 271 shares during the period. Finally, Integrated Wealth Concepts LLC raised its holdings in First Trust Municipal High Income ETF by 3.4% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 9,063 shares of the company’s stock worth $448,000 after purchasing an additional 302 shares during the last quarter.

First Trust Municipal High Income ETF Stock Performance

First Trust Municipal High Income ETF stock traded down $0.09 during mid-day trading on Friday, hitting $48.18. 75,975 shares of the company were exchanged, compared to its average volume of 84,561. The business has a fifty day moving average of $48.43 and a 200 day moving average of $48.75. First Trust Municipal High Income ETF has a 1-year low of $47.33 and a 1-year high of $49.51.

First Trust Municipal High Income ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were paid a $0.163 dividend. The ex-dividend date was Friday, February 21st. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.06%.

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.