First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) Short Interest Update

First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 31,684 shares, an increase of 105.9% from the December 15th total of 15,390 shares. Based on an average daily trading volume, of 81,376 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 81,376 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On First Trust Short Duration Managed Municipal ETF

Several hedge funds have recently bought and sold shares of FSMB. Hazlett Burt & Watson Inc. bought a new position in shares of First Trust Short Duration Managed Municipal ETF during the third quarter worth approximately $26,000. Advisory Services Network LLC acquired a new stake in First Trust Short Duration Managed Municipal ETF during the third quarter worth approximately $32,000. Evolution Wealth Management Inc. bought a new position in First Trust Short Duration Managed Municipal ETF during the 2nd quarter worth $33,000. US Bancorp DE raised its holdings in First Trust Short Duration Managed Municipal ETF by 29.4% in the 3rd quarter. US Bancorp DE now owns 3,584 shares of the company’s stock valued at $72,000 after acquiring an additional 815 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of First Trust Short Duration Managed Municipal ETF by 29.7% during the 2nd quarter. Farther Finance Advisors LLC now owns 5,154 shares of the company’s stock valued at $103,000 after acquiring an additional 1,180 shares during the period.

First Trust Short Duration Managed Municipal ETF Trading Up 0.0%

Shares of NYSEARCA:FSMB traded up $0.01 during midday trading on Friday, reaching $20.13. 102,365 shares of the company were exchanged, compared to its average volume of 195,997. First Trust Short Duration Managed Municipal ETF has a fifty-two week low of $19.47 and a fifty-two week high of $20.21. The stock has a fifty day simple moving average of $20.05 and a two-hundred day simple moving average of $20.04.

First Trust Short Duration Managed Municipal ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 21st were paid a $0.052 dividend. This represents a c) dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Friday, November 21st.

About First Trust Short Duration Managed Municipal ETF

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.