First Trust Managed Municipal ETF (NASDAQ:FMB) Short Interest Update

First Trust Managed Municipal ETF (NASDAQ:FMB) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 62,958 shares, an increase of 107.3% from the November 30th total of 30,377 shares. Based on an average trading volume of 163,786 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the shares of the stock are sold short. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 163,786 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On First Trust Managed Municipal ETF

A number of large investors have recently bought and sold shares of the company. UBS Group AG boosted its position in First Trust Managed Municipal ETF by 1.2% during the third quarter. UBS Group AG now owns 1,798,415 shares of the company’s stock worth $91,183,000 after purchasing an additional 20,689 shares during the period. Raymond James Financial Inc. grew its stake in First Trust Managed Municipal ETF by 2.9% in the 2nd quarter. Raymond James Financial Inc. now owns 1,191,423 shares of the company’s stock valued at $59,357,000 after buying an additional 34,126 shares during the last quarter. Miracle Mile Advisors LLC raised its holdings in First Trust Managed Municipal ETF by 50.3% in the 3rd quarter. Miracle Mile Advisors LLC now owns 1,070,100 shares of the company’s stock valued at $54,256,000 after acquiring an additional 358,121 shares during the period. Avantax Planning Partners Inc. lifted its position in First Trust Managed Municipal ETF by 7.6% during the third quarter. Avantax Planning Partners Inc. now owns 899,949 shares of the company’s stock worth $45,629,000 after acquiring an additional 63,619 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of First Trust Managed Municipal ETF by 1.4% during the first quarter. Royal Bank of Canada now owns 619,572 shares of the company’s stock worth $31,240,000 after acquiring an additional 8,529 shares during the period.

First Trust Managed Municipal ETF Stock Performance

FMB stock traded down $0.01 during trading on Monday, hitting $51.11. The company had a trading volume of 47,965 shares, compared to its average volume of 192,171. The firm has a 50-day moving average price of $51.16 and a 200-day moving average price of $50.46. First Trust Managed Municipal ETF has a 12 month low of $48.19 and a 12 month high of $51.47.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be given a dividend of $0.147 per share. The ex-dividend date is Friday, December 12th. This represents a c) dividend on an annualized basis and a yield of 3.5%.

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.