Short Interest in First Trust Managed Municipal ETF (NASDAQ:FMB) Rises By 33.4%

First Trust Managed Municipal ETF (NASDAQ:FMB) was the target of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 51,500 shares, a growth of 33.4% from the January 31st total of 38,600 shares. Based on an average daily volume of 214,400 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On First Trust Managed Municipal ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tucker Asset Management LLC raised its holdings in First Trust Managed Municipal ETF by 933.3% during the fourth quarter. Tucker Asset Management LLC now owns 589 shares of the company’s stock valued at $30,000 after acquiring an additional 532 shares during the period. Duncker Streett & Co. Inc. bought a new stake in First Trust Managed Municipal ETF during the 4th quarter valued at approximately $108,000. Pinnacle Bancorp Inc. lifted its holdings in First Trust Managed Municipal ETF by 152.9% in the 4th quarter. Pinnacle Bancorp Inc. now owns 2,150 shares of the company’s stock worth $110,000 after purchasing an additional 1,300 shares in the last quarter. Fifth Third Bancorp boosted its stake in First Trust Managed Municipal ETF by 177.8% in the 4th quarter. Fifth Third Bancorp now owns 2,778 shares of the company’s stock worth $142,000 after purchasing an additional 1,778 shares during the period. Finally, Dopkins Wealth Management LLC purchased a new stake in First Trust Managed Municipal ETF during the 3rd quarter valued at approximately $201,000.

First Trust Managed Municipal ETF Stock Performance

Shares of FMB opened at $51.29 on Thursday. The business has a 50-day simple moving average of $51.07 and a two-hundred day simple moving average of $51.40. First Trust Managed Municipal ETF has a 52 week low of $48.10 and a 52 week high of $52.13.

First Trust Managed Municipal ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a $0.14 dividend. The ex-dividend date was Friday, February 21st.

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.