First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) Short Interest Update

First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) was the target of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 13,171 shares, a decline of 48.3% from the May 14th total of 25,477 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 119,514 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On First Trust Ultra Short Duration Municipal ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC purchased a new stake in shares of First Trust Ultra Short Duration Municipal ETF in the 1st quarter valued at approximately $216,000. Norris Financial Group LLC purchased a new stake in First Trust Ultra Short Duration Municipal ETF during the 1st quarter worth approximately $545,000. IMG Wealth Management Inc. increased its stake in First Trust Ultra Short Duration Municipal ETF by 96.4% during the 1st quarter. IMG Wealth Management Inc. now owns 2,712 shares of the company’s stock worth $54,000 after buying an additional 1,331 shares during the period. Gateway Wealth Partners LLC increased its stake in First Trust Ultra Short Duration Municipal ETF by 107.1% during the 1st quarter. Gateway Wealth Partners LLC now owns 260,066 shares of the company’s stock worth $5,214,000 after buying an additional 134,492 shares during the period. Finally, Cetera Investment Advisers increased its stake in First Trust Ultra Short Duration Municipal ETF by 1.6% during the 1st quarter. Cetera Investment Advisers now owns 91,931 shares of the company’s stock worth $1,843,000 after buying an additional 1,491 shares during the period.

First Trust Ultra Short Duration Municipal ETF Price Performance

Shares of First Trust Ultra Short Duration Municipal ETF stock traded up $0.02 on Monday, reaching $20.10. The company had a trading volume of 89,515 shares, compared to its average volume of 93,233. The firm’s 50 day moving average price is $20.06 and its two-hundred day moving average price is $20.08. First Trust Ultra Short Duration Municipal ETF has a 52-week low of $20.01 and a 52-week high of $20.72.

First Trust Ultra Short Duration Municipal ETF Company Profile

The First Trust Ultra Short Duration Municipal ETF (FUMB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund of US municipal debt with a targeted portfolio duration of less than one year. The fund seeks tax-exempt income and capital preservation. FUMB was launched on Nov 1, 2018 and is managed by First Trust.