First Trust New York Municipal High Income ETF (NYSEARCA:FMNY) Stock Short Interest Report for October

First Trust New York Municipal High Income ETF (NYSEARCA:FMNY) saw a large drop in short interest in October. As of October 15th, there was short interest totaling 2,064 shares, a drop of 82.4% from the September 30th total of 11,700 shares. Based on an average daily trading volume, of 69,042 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.2% of the company’s shares are sold short.

Hedge Funds Weigh In On First Trust New York Municipal High Income ETF

A number of hedge funds have recently made changes to their positions in FMNY. Flynn Zito Capital Management LLC acquired a new stake in shares of First Trust New York Municipal High Income ETF in the 1st quarter worth $4,036,000. Magnus Financial Group LLC grew its position in shares of First Trust New York Municipal High Income ETF by 12.9% during the third quarter. Magnus Financial Group LLC now owns 472,922 shares of the company’s stock worth $11,771,000 after buying an additional 54,053 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in First Trust New York Municipal High Income ETF by 11.6% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 200,577 shares of the company’s stock valued at $5,396,000 after buying an additional 20,918 shares in the last quarter. Cetera Investment Advisers lifted its position in First Trust New York Municipal High Income ETF by 94.4% in the first quarter. Cetera Investment Advisers now owns 27,693 shares of the company’s stock valued at $732,000 after acquiring an additional 13,451 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC acquired a new position in First Trust New York Municipal High Income ETF during the first quarter worth approximately $204,000.

First Trust New York Municipal High Income ETF Trading Down 0.2%

Shares of NYSEARCA:FMNY traded down $0.05 on Tuesday, reaching $25.58. The company had a trading volume of 195 shares, compared to its average volume of 11,409. The firm’s 50 day simple moving average is $25.47 and its 200-day simple moving average is $26.42. First Trust New York Municipal High Income ETF has a 52-week low of $24.49 and a 52-week high of $27.22.

About First Trust New York Municipal High Income ETF

The First Trust New York High Income Municipal ETF (FMNY) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that targets fixed income of any duration and credit quality. Issues selected provide interest income that is exempt from federal, New York State and City taxes. FMNY was launched on May 12, 2021 and is managed by First Trust.