First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) Stock Short Interest Declines 61.6%

First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 52,596 shares, a decrease of 61.6% from the September 30th total of 137,031 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 358,632 shares, the short-interest ratio is currently 0.1 days.

First Trust Short Duration Managed Municipal ETF Trading Down 0.1%

NYSEARCA FSMB opened at $19.74 on Thursday. The firm has a 50-day simple moving average of $19.69 and a 200 day simple moving average of $19.95. First Trust Short Duration Managed Municipal ETF has a twelve month low of $19.36 and a twelve month high of $20.25.

Institutional Trading of First Trust Short Duration Managed Municipal ETF

A number of hedge funds have recently modified their holdings of the company. MGO One Seven LLC boosted its holdings in First Trust Short Duration Managed Municipal ETF by 16.4% during the third quarter. MGO One Seven LLC now owns 116,208 shares of the company’s stock valued at $2,261,000 after purchasing an additional 16,352 shares in the last quarter. D.A. Davidson & CO. acquired a new position in shares of First Trust Short Duration Managed Municipal ETF in the 3rd quarter worth approximately $557,000. Vaquero Private Wealth Ltd. raised its holdings in shares of First Trust Short Duration Managed Municipal ETF by 3.1% in the 3rd quarter. Vaquero Private Wealth Ltd. now owns 620,507 shares of the company’s stock worth $12,075,000 after buying an additional 18,758 shares in the last quarter. Insight Inv LLC raised its holdings in shares of First Trust Short Duration Managed Municipal ETF by 3.5% in the 3rd quarter. Insight Inv LLC now owns 94,681 shares of the company’s stock worth $1,842,000 after buying an additional 3,196 shares in the last quarter. Finally, Sigma Planning Corp bought a new position in shares of First Trust Short Duration Managed Municipal ETF during the 3rd quarter worth approximately $315,000.

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.