Short Interest in First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) Rises By 211.7%

First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) was the recipient of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 19,770 shares, an increase of 211.7% from the January 15th total of 6,342 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 89,164 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 89,164 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s shares are sold short.

First Trust Ultra Short Duration Municipal ETF Trading Down 0.0%

FUMB stock traded down $0.01 during trading on Friday, hitting $20.13. 22,564 shares of the company traded hands, compared to its average volume of 101,052. The company has a 50-day moving average of $20.09 and a 200-day moving average of $20.10. First Trust Ultra Short Duration Municipal ETF has a 1 year low of $19.91 and a 1 year high of $20.72.

First Trust Ultra Short Duration Municipal ETF Dividend Announcement

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

Institutional Investors Weigh In On First Trust Ultra Short Duration Municipal ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FUMB. WealthBridge Capital Management LLC boosted its position in First Trust Ultra Short Duration Municipal ETF by 2.0% during the 4th quarter. WealthBridge Capital Management LLC now owns 44,253 shares of the company’s stock valued at $888,000 after buying an additional 848 shares during the period. Advyzon Investment Management LLC raised its stake in shares of First Trust Ultra Short Duration Municipal ETF by 6.3% during the fourth quarter. Advyzon Investment Management LLC now owns 14,402 shares of the company’s stock valued at $289,000 after acquiring an additional 850 shares during the last quarter. Prospera Financial Services Inc boosted its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 2.5% during the fourth quarter. Prospera Financial Services Inc now owns 39,578 shares of the company’s stock worth $794,000 after purchasing an additional 951 shares during the period. J.W. Cole Advisors Inc. boosted its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 0.9% during the fourth quarter. J.W. Cole Advisors Inc. now owns 145,301 shares of the company’s stock worth $2,915,000 after purchasing an additional 1,339 shares during the period. Finally, Stifel Financial Corp grew its stake in shares of First Trust Ultra Short Duration Municipal ETF by 2.0% in the fourth quarter. Stifel Financial Corp now owns 68,101 shares of the company’s stock worth $1,366,000 after purchasing an additional 1,353 shares during 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.