First Trust Municipal High Income ETF (NASDAQ:FMHI) Sees Significant Decline in Short Interest

First Trust Municipal High Income ETF (NASDAQ:FMHI) saw a significant drop in short interest in April. As of April 30th, there was short interest totaling 11,012 shares, a drop of 35.7% from the April 15th total of 17,121 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 69,949 shares, the short-interest ratio is currently 0.2 days.

First Trust Municipal High Income ETF Stock Performance

Shares of NASDAQ:FMHI opened at $47.68 on Wednesday. First Trust Municipal High Income ETF has a 1 year low of $45.83 and a 1 year high of $48.73. The business has a 50 day simple moving average of $47.96 and a two-hundred day simple moving average of $48.03.

First Trust Municipal High Income ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, April 21st were given a dividend of $0.175 per share. The ex-dividend date was Tuesday, April 21st.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FMHI. Glen Eagle Advisors LLC purchased a new position in shares of First Trust Municipal High Income ETF during the first quarter valued at approximately $91,000. Camelot Portfolios LLC bought a new stake in shares of First Trust Municipal High Income ETF during the fourth quarter valued at approximately $96,000. Hughes Financial Services LLC raised its stake in shares of First Trust Municipal High Income ETF by 25.7% during the third quarter. Hughes Financial Services LLC now owns 3,074 shares of the company’s stock valued at $148,000 after acquiring an additional 629 shares in the last quarter. Parallel Advisors LLC bought a new stake in shares of First Trust Municipal High Income ETF during the first quarter valued at approximately $161,000. Finally, Western Wealth Management LLC bought a new stake in shares of First Trust Municipal High Income ETF during the first quarter valued at approximately $162,000.

First Trust Municipal High Income ETF Company Profile

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.