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

First Trust Municipal High Income ETF (NASDAQ:FMHI) was the target of a significant drop in short interest in February. As of February 15th, there was short interest totalling 31,900 shares, a drop of 54.0% from the January 31st total of 69,300 shares. Based on an average daily trading volume, of 88,100 shares, the days-to-cover ratio is currently 0.4 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. Creative Financial Designs Inc. ADV boosted its holdings in First Trust Municipal High Income ETF by 187.4% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 868 shares of the company’s stock worth $42,000 after buying an additional 566 shares in the last quarter. Coppell Advisory Solutions LLC lifted its position in shares of First Trust Municipal High Income ETF by 180.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 1,293 shares of the company’s stock valued at $62,000 after acquiring an additional 832 shares during the last quarter. Duncker Streett & Co. Inc. bought a new stake in shares of First Trust Municipal High Income ETF during the 4th quarter worth $67,000. Larson Financial Group LLC acquired a new position in shares of First Trust Municipal High Income ETF in the 3rd quarter worth $92,000. Finally, Synergy Investment Management LLC acquired a new stake in shares of First Trust Municipal High Income ETF during the fourth quarter worth $124,000.

First Trust Municipal High Income ETF Price Performance

NASDAQ:FMHI traded down $0.04 during mid-day trading on Friday, reaching $48.80. 182,816 shares of the stock were exchanged, compared to its average volume of 89,367. The business has a fifty day moving average price of $48.36 and a 200 day moving average price of $48.78. 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 Announces Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 4.01%.

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.