First Trust Managed Municipal ETF (NASDAQ:FMB) Sees Large Increase in Short Interest

First Trust Managed Municipal ETF (NASDAQ:FMB) was the recipient of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 29,200 shares, a growth of 131.7% from the November 15th total of 12,600 shares. Based on an average trading volume of 167,500 shares, the days-to-cover ratio is presently 0.2 days.

First Trust Managed Municipal ETF Price Performance

FMB stock opened at $51.28 on Friday. The stock has a 50-day moving average price of $51.51 and a two-hundred day moving average price of $51.49. First Trust Managed Municipal ETF has a 12-month low of $48.10 and a 12-month high of $52.13.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.139 per share. The ex-dividend date is Friday, December 13th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Strategic Financial Partners Ltd. boosted its position in shares of First Trust Managed Municipal ETF by 0.6% in the second quarter. Strategic Financial Partners Ltd. now owns 33,547 shares of the company’s stock worth $1,713,000 after buying an additional 207 shares during the period. PFS Partners LLC lifted its position in First Trust Managed Municipal ETF by 2.1% during the 3rd quarter. PFS Partners LLC now owns 10,209 shares of the company’s stock worth $530,000 after acquiring an additional 214 shares in the last quarter. Great Valley Advisor Group Inc. boosted its holdings in First Trust Managed Municipal ETF by 2.3% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 11,363 shares of the company’s stock worth $580,000 after acquiring an additional 252 shares during the period. Auour Investments LLC raised its stake in shares of First Trust Managed Municipal ETF by 3.7% during the second quarter. Auour Investments LLC now owns 7,191 shares of the company’s stock valued at $367,000 after purchasing an additional 256 shares during the period. Finally, Prestige Wealth Management Group LLC raised its stake in shares of First Trust Managed Municipal ETF by 0.4% during the second quarter. Prestige Wealth Management Group LLC now owns 79,954 shares of the company’s stock valued at $4,082,000 after purchasing an additional 292 shares during the period.

First Trust Managed Municipal ETF Company Profile

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