First Trust Municipal High Income ETF (NASDAQ:FMHI) Short Interest Update

First Trust Municipal High Income ETF (NASDAQ:FMHI) was the recipient of a large drop in short interest in February. As of February 28th, there was short interest totalling 14,500 shares, a drop of 54.5% from the February 13th total of 31,900 shares. Based on an average daily volume of 87,800 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Trading of First Trust Municipal High Income ETF

A number of hedge funds have recently added to or reduced their stakes in FMHI. Stifel Financial Corp lifted its stake in shares of First Trust Municipal High Income ETF by 244.8% in the 3rd quarter. Stifel Financial Corp now owns 21,154 shares of the company’s stock valued at $1,045,000 after purchasing an additional 15,019 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of First Trust Municipal High Income ETF by 209.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 106,235 shares of the company’s stock valued at $5,248,000 after purchasing an additional 71,872 shares in the last quarter. Allworth Financial LP acquired a new position in shares of First Trust Municipal High Income ETF in the 4th quarter valued at about $640,000. Benjamin Edwards Inc. lifted its stake in shares of First Trust Municipal High Income ETF by 293.3% in the 3rd quarter. Benjamin Edwards Inc. now owns 7,531 shares of the company’s stock valued at $372,000 after purchasing an additional 5,616 shares in the last quarter. Finally, Truist Financial Corp lifted its stake in shares of First Trust Municipal High Income ETF by 38.6% in the 4th quarter. Truist Financial Corp now owns 26,239 shares of the company’s stock valued at $1,267,000 after purchasing an additional 7,308 shares in the last quarter.

First Trust Municipal High Income ETF Trading Down 0.2 %

First Trust Municipal High Income ETF stock opened at $48.18 on Friday. The stock has a 50-day moving average price of $48.43 and a 200 day moving average price of $48.75. First Trust Municipal High Income ETF has a 52 week low of $47.33 and a 52 week high of $49.51.

First Trust Municipal High Income ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a $0.163 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date was Friday, February 21st.

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.