First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) Short Interest Update

First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) was the recipient of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 6,342 shares, a drop of 89.6% from the December 31st total of 60,708 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 134,090 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 134,090 shares, the short-interest ratio is currently 0.0 days. Currently, 0.1% of the company’s stock are short sold.

First Trust Ultra Short Duration Municipal ETF Stock Up 0.0%

NYSEARCA:FUMB traded up $0.01 during mid-day trading on Wednesday, reaching $20.11. The company’s stock had a trading volume of 100,900 shares, compared to its average volume of 113,011. First Trust Ultra Short Duration Municipal ETF has a 1 year low of $19.91 and a 1 year high of $20.72. The stock has a fifty day moving average of $20.08 and a 200-day moving average of $20.10.

First Trust Ultra Short Duration Municipal ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Wednesday, January 21st will be paid a dividend of $0.046 per share. The ex-dividend date is Wednesday, January 21st. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%.

Hedge Funds Weigh In On First Trust Ultra Short Duration Municipal ETF

A number of large investors have recently bought and sold shares of the business. Farther Finance Advisors LLC bought a new position in First Trust Ultra Short Duration Municipal ETF in the second quarter worth about $371,000. Truist Financial Corp boosted its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 636.1% in the 2nd quarter. Truist Financial Corp now owns 119,557 shares of the company’s stock valued at $2,403,000 after buying an additional 103,315 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of First Trust Ultra Short Duration Municipal ETF in the 2nd quarter valued at about $83,000. Cetera Investment Advisers grew its position in shares of First Trust Ultra Short Duration Municipal ETF by 12.9% in the 2nd quarter. Cetera Investment Advisers now owns 72,008 shares of the company’s stock worth $1,447,000 after buying an additional 8,217 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in shares of First Trust Ultra Short Duration Municipal ETF by 62.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 39,703 shares of the company’s stock worth $798,000 after acquiring an additional 15,285 shares in the last quarter.

About First Trust Ultra Short Duration Municipal ETF

The First Trust Ultra Short Duration Municipal ETF (FUMB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund of US municipal debt with a targeted portfolio duration of less than one year. The fund seeks tax-exempt income and capital preservation. FUMB was launched on Nov 1, 2018 and is managed by First Trust.