First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) Short Interest Up 8,586.3% in March

First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMBGet 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

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were given a dividend of $0.046 per share. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Friday, February 20th.

About First Trust Ultra Short Duration Municipal ETF

(Get Free Report)

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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