Short Interest in First Trust Managed Municipal ETF (NASDAQ:FMB) Drops By 91.9%

First Trust Managed Municipal ETF (NASDAQ:FMB) saw a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 12,600 shares, a decline of 91.9% from the October 31st total of 154,800 shares. Based on an average trading volume of 160,500 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On First Trust Managed Municipal ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Strategic Financial Partners Ltd. boosted its position in First Trust Managed Municipal ETF by 0.6% in the 2nd quarter. Strategic Financial Partners Ltd. now owns 33,547 shares of the company’s stock valued at $1,713,000 after buying an additional 207 shares during the last quarter. PFS Partners LLC increased its position in First Trust Managed Municipal ETF by 2.1% in the third quarter. PFS Partners LLC now owns 10,209 shares of the company’s stock worth $530,000 after purchasing an additional 214 shares during the period. Great Valley Advisor Group Inc. raised its holdings in First Trust Managed Municipal ETF by 2.3% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 11,363 shares of the company’s stock worth $580,000 after purchasing an additional 252 shares during the last quarter. Auour Investments LLC raised its holdings in First Trust Managed Municipal ETF by 3.7% during the 2nd quarter. Auour Investments LLC now owns 7,191 shares of the company’s stock worth $367,000 after purchasing an additional 256 shares during the last quarter. Finally, Prestige Wealth Management Group LLC lifted its position in First Trust Managed Municipal ETF by 0.4% during the 2nd quarter. Prestige Wealth Management Group LLC now owns 79,954 shares of the company’s stock valued at $4,082,000 after purchasing an additional 292 shares during the period.

First Trust Managed Municipal ETF Trading Up 0.2 %

FMB traded up $0.11 during trading on Wednesday, hitting $51.66. The company’s stock had a trading volume of 143,542 shares, compared to its average volume of 154,945. The firm’s 50 day moving average price is $51.55 and its two-hundred day moving average price is $51.43. First Trust Managed Municipal ETF has a 12 month low of $48.10 and a 12 month high of $52.13.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 21st will be issued a $0.139 dividend. The ex-dividend date of this dividend is Thursday, November 21st.

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.