First Trust Managed Municipal ETF (NASDAQ:FMB) Sees Significant Increase in Short Interest

First Trust Managed Municipal ETF (NASDAQ:FMB) was the target of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 29,200 shares, a growth of 131.7% from the November 15th total of 12,600 shares. Based on an average daily volume of 167,500 shares, the days-to-cover ratio is currently 0.2 days.

First Trust Managed Municipal ETF Trading Down 0.7 %

NASDAQ FMB traded down $0.35 on Friday, reaching $51.28. The company had a trading volume of 150,410 shares, compared to its average volume of 156,670. The stock’s 50 day moving average is $51.51 and its 200-day moving average is $51.49. First Trust Managed Municipal ETF has a 52 week low of $48.10 and a 52 week high of $52.13.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.139 dividend. The ex-dividend date is Friday, December 13th.

Institutional Investors Weigh In On First Trust Managed Municipal ETF

Several large investors have recently modified their holdings of the business. LPL Financial LLC boosted its position in shares of First Trust Managed Municipal ETF by 6.9% during the third quarter. LPL Financial LLC now owns 2,507,371 shares of the company’s stock worth $130,283,000 after buying an additional 162,331 shares during the period. Miracle Mile Advisors LLC boosted its position in shares of First Trust Managed Municipal ETF by 22.2% during the third quarter. Miracle Mile Advisors LLC now owns 599,874 shares of the company’s stock worth $31,169,000 after buying an additional 109,001 shares during the period. OneDigital Investment Advisors LLC boosted its position in shares of First Trust Managed Municipal ETF by 5.0% during the third quarter. OneDigital Investment Advisors LLC now owns 419,165 shares of the company’s stock worth $21,780,000 after buying an additional 19,917 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of First Trust Managed Municipal ETF by 14.2% during the second quarter. Envestnet Asset Management Inc. now owns 403,320 shares of the company’s stock worth $20,594,000 after buying an additional 50,146 shares during the period. Finally, Raymond James & Associates boosted its position in shares of First Trust Managed Municipal ETF by 7.4% during the second quarter. Raymond James & Associates now owns 381,767 shares of the company’s stock worth $19,493,000 after buying an additional 26,177 shares during the period.

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.