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

First Trust Municipal High Income ETF (NASDAQ:FMHI) saw a large increase in short interest in January. As of January 31st, there was short interest totalling 69,300 shares, an increase of 381.3% from the January 15th total of 14,400 shares. Based on an average daily trading volume, of 96,500 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of First Trust Municipal High Income ETF

A number of large investors have recently made changes to their positions in FMHI. Creative Financial Designs Inc. ADV increased its holdings in shares of First Trust Municipal High Income ETF by 187.4% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 868 shares of the company’s stock worth $42,000 after buying an additional 566 shares during the last quarter. Duncker Streett & Co. Inc. bought a new stake in shares of First Trust Municipal High Income ETF in the 4th quarter worth about $67,000. Larson Financial Group LLC bought a new position in First Trust Municipal High Income ETF during the 3rd quarter valued at about $92,000. Farmers & Merchants Investments Inc. bought a new position in First Trust Municipal High Income ETF during the 3rd quarter valued at about $109,000. Finally, Synergy Investment Management LLC bought a new position in First Trust Municipal High Income ETF during the 4th quarter valued at about $124,000.

First Trust Municipal High Income ETF Stock Down 0.7 %

FMHI stock traded down $0.33 during mid-day trading on Wednesday, hitting $48.19. The company had a trading volume of 37,169 shares, compared to its average volume of 89,319. First Trust Municipal High Income ETF has a 12-month low of $47.33 and a 12-month high of $49.51. The company has a 50-day moving average price of $48.44 and a 200 day moving average price of $48.82.

First Trust Municipal High Income ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were paid a $0.163 dividend. This represents a $1.96 annualized dividend and a yield of 4.06%. The ex-dividend date was Wednesday, January 22nd.

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.