First Trust Managed Municipal ETF (NASDAQ:FMB) Short Interest Update

The First Trust Managed Municipal ETF (NASDAQ:FMB) saw a notable rise in its short interest throughout December. By the end of the month, specifically on December 31, the short interest had reached a total of 72,100 shares, marking an increase of 80.3% from the total of 40,000 shares recorded on December 15. With an average trading volume of 187,500 shares, the ratio of short interest indicates a coverage period of approximately 0.4 days.

Institutional Trading of First Trust Managed Municipal ETF

Recently, several hedge funds have made adjustments to their positions in FMB. CWA Asset Management Group LLC entered a new investment in First Trust Managed Municipal ETF during the third quarter, with a total stake valued at $13,088,000. Meanwhile, LPL Financial LLC increased its ownership by 6.9% in the same quarter, bringing its total to 2,507,371 shares worth approximately $130,283,000 after an additional purchase of 162,331 shares. Furthermore, International Assets Investment Management LLC significantly raised its investment by 5,096.0% during the third quarter, now holding 114,208 shares valued at $5,934,000, following the acquisition of 112,010 additional shares. Miracle Mile Advisors LLC also expanded its stake by 22.2% in the third quarter, now possessing 599,874 shares valued at $31,169,000 after adding 109,001 shares. Lastly, Sanctuary Advisors LLC invested in a new position during the second quarter, with a valuation of about $3,590,000.

First Trust Managed Municipal ETF Price Performance

The shares of NASDAQ FMB opened at $50.61 on the most recent trading day. The stock's 50-day moving average price stands at $51.27, while its 200-day moving average price is $51.48. Over the past year, First Trust Managed Municipal ETF has recorded a low of $48.10 and a high of $52.13.

First Trust Managed Municipal ETF Dividend Announcement

The company recently announced a dividend, which was disbursed on Tuesday, December 31. Investors who were on record as of Friday, December 13, received a dividend of $0.139 per share, with the ex-dividend date also falling on December 13.

About First Trust Managed Municipal ETF

The First Trust Managed Municipal ETF (FMB) is an exchange-traded fund that primarily focuses on investment-grade fixed income. It is actively managed and invests predominantly in investment-grade municipal bonds, while also having some exposure to high-yield securities. The fund was launched on May 13, 2014, and is managed by First Trust.

ETF, Investing, Finance