Short Interest in First Trust Municipal High Income ETF (NASDAQ:FMHI) Increases By 353.9%

First Trust Municipal High Income ETF (NASDAQ:FMHI) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totalling 74,900 shares, an increase of 353.9% from the November 30th total of 16,500 shares. Based on an average daily volume of 89,400 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Investors Weigh In On First Trust Municipal High Income ETF

A number of large investors have recently modified their holdings of FMHI. Rothschild Investment LLC acquired a new stake in First Trust Municipal High Income ETF in the second quarter valued at approximately $30,000. Larson Financial Group LLC purchased a new position in First Trust Municipal High Income ETF in the third quarter valued at about $92,000. Farmers & Merchants Investments Inc. acquired a new stake in First Trust Municipal High Income ETF during the 3rd quarter valued at approximately $109,000. International Assets Investment Management LLC acquired a new stake in First Trust Municipal High Income ETF during the 2nd quarter valued at approximately $184,000. Finally, Mach 1 Financial Group LLC purchased a new stake in First Trust Municipal High Income ETF during the 3rd quarter worth approximately $204,000.

First Trust Municipal High Income ETF Price Performance

Shares of First Trust Municipal High Income ETF stock traded down $0.05 during trading hours on Friday, hitting $48.03. The company’s stock had a trading volume of 79,391 shares, compared to its average volume of 72,254. The business has a fifty day moving average of $48.75 and a 200 day moving average of $48.87. First Trust Municipal High Income ETF has a 1-year low of $47.14 and a 1-year high of $49.51.

First Trust Municipal High Income ETF Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a $0.163 dividend. This represents a $1.96 annualized dividend and a dividend yield of 4.07%. The ex-dividend date of this dividend is Friday, December 13th.

About First Trust Municipal High Income ETF

The First Trust Municipal High Income ETF (FMHI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that holds a broad range of US municipal bonds. FMHI was launched on Nov 1, 2017 and is managed by First Trust.