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

First Trust Municipal High Income ETF (NASDAQ:FMHI) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 137,095 shares, a growth of 982.8% from the May 31st total of 12,661 shares. Based on an average daily volume of 94,908 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.7% of the shares of the stock are sold short.

First Trust Municipal High Income ETF Trading Down 0.3%

Shares of FMHI opened at $48.42 on Friday. The stock has a 50-day moving average price of $48.14 and a 200-day moving average price of $48.07. First Trust Municipal High Income ETF has a 12-month low of $45.83 and a 12-month high of $48.73.

First Trust Municipal High Income ETF Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 25th will be paid a $0.177 dividend. This is an increase from First Trust Municipal High Income ETF’s previous dividend of $0.18. The ex-dividend date of this dividend is Thursday, June 25th.

Hedge Funds Weigh In On First Trust Municipal High Income ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Nations Financial Group Inc. IA ADV raised its position in shares of First Trust Municipal High Income ETF by 1.6% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 19,160 shares of the company’s stock valued at $911,000 after buying an additional 300 shares in the last quarter. Altus Wealth Group LLC grew its position in First Trust Municipal High Income ETF by 4.5% in the fourth quarter. Altus Wealth Group LLC now owns 7,484 shares of the company’s stock worth $359,000 after acquiring an additional 320 shares in the last quarter. Orion Porfolio Solutions LLC grew its position in First Trust Municipal High Income ETF by 4.7% in the second quarter. Orion Porfolio Solutions LLC now owns 8,184 shares of the company’s stock worth $382,000 after acquiring an additional 365 shares in the last quarter. Dynamic Advisor Solutions LLC increased its stake in First Trust Municipal High Income ETF by 5.5% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 8,073 shares of the company’s stock valued at $387,000 after acquiring an additional 419 shares during the last quarter. Finally, GSG Advisors LLC increased its stake in First Trust Municipal High Income ETF by 1.6% in the first quarter. GSG Advisors LLC now owns 27,588 shares of the company’s stock valued at $1,312,000 after acquiring an additional 425 shares during the last quarter.

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.