First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB – Get Free Report) was the target of a significant growth in short interest in March. As of March 13th, there was short interest totaling 146,451 shares, a growth of 8,586.3% from the February 26th total of 1,686 shares. Based on an average trading volume of 130,192 shares, the days-to-cover ratio is presently 1.1 days. Currently, 1.2% of the company’s stock are short sold. Currently, 1.2% of the company’s stock are short sold. Based on an average trading volume of 130,192 shares, the days-to-cover ratio is presently 1.1 days.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Newbridge Financial Services Group Inc. bought a new position in shares of First Trust Ultra Short Duration Municipal ETF in the second quarter worth approximately $29,000. Tucker Asset Management LLC bought a new stake in shares of First Trust Ultra Short Duration Municipal ETF during the fourth quarter valued at approximately $41,000. Advisory Services Network LLC purchased a new position in First Trust Ultra Short Duration Municipal ETF in the 3rd quarter worth approximately $77,000. CoreCap Advisors LLC raised its holdings in First Trust Ultra Short Duration Municipal ETF by 250.6% in the 4th quarter. CoreCap Advisors LLC now owns 4,445 shares of the company’s stock worth $89,000 after acquiring an additional 3,177 shares during the last quarter. Finally, AE Wealth Management LLC bought a new position in First Trust Ultra Short Duration Municipal ETF in the 3rd quarter valued at approximately $103,000.
First Trust Ultra Short Duration Municipal ETF Price Performance
Shares of NYSEARCA:FUMB remained flat at $20.11 on Tuesday. The stock had a trading volume of 102,882 shares, compared to its average volume of 92,794. First Trust Ultra Short Duration Municipal ETF has a 1 year low of $19.91 and a 1 year high of $20.72. The business has a 50 day moving average price of $20.11 and a 200 day moving average price of $20.10.
First Trust Ultra Short Duration Municipal ETF Dividend Announcement
About First Trust Ultra Short Duration Municipal ETF
The First Trust Ultra Short Duration Municipal ETF (FUMB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund of US municipal debt with a targeted portfolio duration of less than one year. The fund seeks tax-exempt income and capital preservation. FUMB was launched on Nov 1, 2018 and is managed by First Trust.
Further Reading
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