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 increase in short interest during the month of October. As of October 31st, there was short interest totalling 55,800 shares, an increase of 27.4% from the October 15th total of 43,800 shares. Based on an average daily trading volume, of 77,800 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of First Trust Municipal High Income ETF

Hedge funds have recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. boosted its position in shares of First Trust Municipal High Income ETF by 172.2% during the 1st quarter. Avantax Advisory Services Inc. now owns 13,187 shares of the company’s stock worth $635,000 after acquiring an additional 8,343 shares in the last quarter. Manhattan West Asset Management LLC raised its stake in First Trust Municipal High Income ETF by 6.6% during the first quarter. Manhattan West Asset Management LLC now owns 181,057 shares of the company’s stock worth $8,723,000 after acquiring an additional 11,236 shares in the last quarter. Jane Street Group LLC lifted its stake in First Trust Municipal High Income ETF by 881.4% in the 1st quarter. Jane Street Group LLC now owns 107,345 shares of the company’s stock valued at $5,172,000 after purchasing an additional 96,407 shares during the last quarter. Comerica Bank increased its holdings in shares of First Trust Municipal High Income ETF by 77.4% during the first quarter. Comerica Bank now owns 13,943 shares of the company’s stock worth $672,000 after buying an additional 6,082 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in First Trust Municipal High Income ETF by 585.7% in the 1st quarter. Cetera Investment Advisers now owns 145,955 shares of the company’s stock valued at $7,032,000 after acquiring an additional 124,671 shares during the period.

First Trust Municipal High Income ETF Stock Up 0.0 %

Shares of FMHI stock traded up $0.01 during trading on Friday, reaching $48.76. 63,684 shares of the company’s stock were exchanged, compared to its average volume of 69,442. The firm’s fifty day moving average price is $49.06 and its 200-day moving average price is $48.68. First Trust Municipal High Income ETF has a twelve month low of $45.50 and a twelve month high of $49.51.

First Trust Municipal High Income ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 22nd were issued a $0.163 dividend. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.96 annualized dividend and a yield of 4.01%.

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.