First Trust Municipal High Income ETF (NASDAQ:FMHI) Short Interest Down 86.6% in June

First Trust Municipal High Income ETF (NASDAQ:FMHI) was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 18,323 shares, a decrease of 86.6% from the June 15th total of 137,095 shares. Based on an average daily volume of 88,023 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

First Trust Municipal High Income ETF Price Performance

NASDAQ FMHI traded down $0.02 on Monday, hitting $48.36. 188,950 shares of the company were exchanged, compared to its average volume of 113,179. First Trust Municipal High Income ETF has a twelve month low of $45.83 and a twelve month high of $48.73. The company’s 50 day moving average price is $48.23 and its 200-day moving average price is $48.13.

First Trust Municipal High Income ETF Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $0.177 dividend. This is a boost from First Trust Municipal High Income ETF’s previous dividend of $0.18. The ex-dividend date was Thursday, June 25th.

Institutional Trading of First Trust Municipal High Income ETF

Several large investors have recently added to or reduced their stakes in FMHI. AQR Capital Management LLC purchased a new position in shares of First Trust Municipal High Income ETF during the first quarter valued at $377,000. Baird Financial Group Inc. grew its stake in First Trust Municipal High Income ETF by 7.6% during the 2nd quarter. Baird Financial Group Inc. now owns 6,400 shares of the company’s stock valued at $299,000 after acquiring an additional 450 shares in the last quarter. Jane Street Group LLC grew its stake in First Trust Municipal High Income ETF by 888.7% during the 2nd quarter. Jane Street Group LLC now owns 131,035 shares of the company’s stock valued at $6,119,000 after acquiring an additional 117,782 shares in the last quarter. MML Investors Services LLC increased its holdings in shares of First Trust Municipal High Income ETF by 1.4% in the 2nd quarter. MML Investors Services LLC now owns 101,612 shares of the company’s stock valued at $4,745,000 after purchasing an additional 1,414 shares during the period. Finally, Orion Porfolio Solutions LLC lifted its position in shares of 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 purchasing an additional 365 shares in 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.