Short Interest in First Trust Municipal High Income ETF (NASDAQ:FMHI) Decreases By 43.1%

First Trust Municipal High Income ETF (NASDAQ:FMHI) was the recipient of a large decrease in short interest in February. As of February 27th, there was short interest totaling 47,760 shares, a decrease of 43.1% from the February 12th total of 83,882 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 93,997 shares, the short-interest ratio is currently 0.5 days. Based on an average trading volume of 93,997 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the shares of the company are short sold.

First Trust Municipal High Income ETF Price Performance

Shares of NASDAQ:FMHI traded down $0.11 during trading on Thursday, hitting $47.96. 107,444 shares of the stock were exchanged, compared to its average volume of 122,040. First Trust Municipal High Income ETF has a 1-year low of $44.80 and a 1-year high of $49.05. The company’s fifty day simple moving average is $48.22 and its 200-day simple moving average is $47.86.

First Trust Municipal High Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were given a $0.175 dividend. This represents a c) annualized dividend and a yield of 4.4%. This is an increase from First Trust Municipal High Income ETF’s previous monthly dividend of $0.17. The ex-dividend date of this dividend was Friday, February 20th.

Institutional Investors Weigh In On First Trust Municipal High Income ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC lifted its holdings in shares of First Trust Municipal High Income ETF by 21.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,207 shares of the company’s stock worth $57,000 after acquiring an additional 212 shares during the period. Advyzon Investment Management LLC increased its stake in First Trust Municipal High Income ETF by 2.3% in the third quarter. Advyzon Investment Management LLC now owns 9,783 shares of the company’s stock valued at $465,000 after acquiring an additional 223 shares during the period. Arbor Capital Management Inc. ADV raised its position in First Trust Municipal High Income ETF by 1.7% in the third quarter. Arbor Capital Management Inc. ADV now owns 15,578 shares of the company’s stock worth $740,000 after purchasing an additional 257 shares in the last quarter. Hedeker Wealth LLC raised its position in First Trust Municipal High Income ETF by 3.1% in the third quarter. Hedeker Wealth LLC now owns 9,792 shares of the company’s stock worth $465,000 after purchasing an additional 297 shares in the last quarter. Finally, Altus Wealth Group LLC lifted its stake in First Trust Municipal High Income ETF by 4.5% during the fourth quarter. Altus Wealth Group LLC now owns 7,484 shares of the company’s stock worth $359,000 after purchasing an additional 320 shares during the period.

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.