First Trust Municipal High Income ETF (NASDAQ:FMHI) Short Interest Up 50.6% in January

First Trust Municipal High Income ETF (NASDAQ:FMHI) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 41,889 shares, an increase of 50.6% from the December 31st total of 27,809 shares. Based on an average trading volume of 109,210 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the company’s shares are sold short. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 109,210 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of First Trust Municipal High Income ETF

Large investors have recently made changes to their positions in the company. AQR Capital Management LLC acquired a new position in First Trust Municipal High Income ETF during the 1st quarter worth approximately $377,000. Truist Financial Corp grew its stake in shares of First Trust Municipal High Income ETF by 24.1% during the second quarter. Truist Financial Corp now owns 42,212 shares of the company’s stock worth $1,971,000 after purchasing an additional 8,208 shares in the last quarter. Ashton Thomas Securities LLC increased its holdings in First Trust Municipal High Income ETF by 139.5% in the second quarter. Ashton Thomas Securities LLC now owns 48,416 shares of the company’s stock valued at $2,261,000 after buying an additional 28,201 shares during the last quarter. DHJJ Financial Advisors Ltd. raised its stake in First Trust Municipal High Income ETF by 23.1% in the second quarter. DHJJ Financial Advisors Ltd. now owns 9,992 shares of the company’s stock valued at $467,000 after buying an additional 1,878 shares in the last quarter. Finally, MBL Wealth LLC lifted its holdings in First Trust Municipal High Income ETF by 0.9% during the 2nd quarter. MBL Wealth LLC now owns 72,600 shares of the company’s stock worth $3,390,000 after buying an additional 645 shares during the last quarter.

First Trust Municipal High Income ETF Stock Up 0.1%

NASDAQ:FMHI traded up $0.04 during trading hours on Friday, reaching $48.03. 87,757 shares of the stock were exchanged, compared to its average volume of 120,033. First Trust Municipal High Income ETF has a twelve month low of $44.80 and a twelve month high of $49.05. The business has a 50-day moving average of $47.94 and a two-hundred day moving average of $47.44.

First Trust Municipal High Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, January 21st were paid a dividend of $0.174 per share. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Wednesday, January 21st. This is an increase from First Trust Municipal High Income ETF’s previous monthly dividend of $0.17.

First Trust Municipal High Income ETF Company Profile

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.