First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) Short Interest Up 1,265.6% in July

First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 62,475 shares, a growth of 1,265.6% from the June 30th total of 4,575 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 127,586 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new stake in First Trust Short Duration Managed Municipal ETF during the 3rd quarter worth approximately $32,000. Legacy Wealth Managment LLC ID boosted its stake in First Trust Short Duration Managed Municipal ETF by 800.7% in the first quarter. Legacy Wealth Managment LLC ID now owns 2,666 shares of the company’s stock valued at $53,000 after acquiring an additional 2,370 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its stake in First Trust Short Duration Managed Municipal ETF by 111.5% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 2,750 shares of the company’s stock valued at $55,000 after buying an additional 1,450 shares during the last quarter. US Bancorp DE grew its position in First Trust Short Duration Managed Municipal ETF by 29.4% during the 3rd quarter. US Bancorp DE now owns 3,584 shares of the company’s stock worth $72,000 after purchasing an additional 815 shares during the last quarter. Finally, Tucker Asset Management LLC purchased a new position in shares of First Trust Short Duration Managed Municipal ETF in the 4th quarter valued at approximately $82,000.

First Trust Short Duration Managed Municipal ETF Trading Up 0.2%

Shares of FSMB stock traded up $0.04 on Friday, hitting $19.85. 234,869 shares of the stock traded hands, compared to its average volume of 146,974. The firm’s 50-day moving average price is $19.98 and its two-hundred day moving average price is $20.05. First Trust Short Duration Managed Municipal ETF has a twelve month low of $19.80 and a twelve month high of $20.25.

First Trust Short Duration Managed Municipal ETF Company Profile

The First Trust Short Duration Managed Municipal ETF (FSMB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of US municipal debt with a targeted portfolio duration of 1 to 3 years. The fund seeks tax-exempt income and capital preservation. FSMB was launched on Nov 1, 2018 and is managed by First Trust.