First Trust Managed Municipal ETF (NASDAQ:FMB) Short Interest Down 95.4% in April

First Trust Managed Municipal ETF (NASDAQ:FMB) saw a significant decrease in short interest in April. As of April 15th, there was short interest totaling 6,282 shares, a decrease of 95.4% from the March 31st total of 136,990 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 133,996 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On First Trust Managed Municipal ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. True Blue Financial LLC increased its stake in First Trust Managed Municipal ETF by 8.7% in the 1st quarter. True Blue Financial LLC now owns 269,428 shares of the company’s stock worth $13,649,000 after buying an additional 21,459 shares during the period. Investment Planning Advisors Inc. increased its stake in First Trust Managed Municipal ETF by 2.2% in the 1st quarter. Investment Planning Advisors Inc. now owns 76,795 shares of the company’s stock worth $3,890,000 after buying an additional 1,689 shares during the period. Etesian Wealth Advisors Inc. increased its stake in First Trust Managed Municipal ETF by 4.1% in the 1st quarter. Etesian Wealth Advisors Inc. now owns 86,698 shares of the company’s stock worth $4,392,000 after buying an additional 3,424 shares during the period. Pinnacle Bancorp Inc. increased its stake in First Trust Managed Municipal ETF by 268.5% in the 1st quarter. Pinnacle Bancorp Inc. now owns 12,352 shares of the company’s stock worth $626,000 after buying an additional 9,000 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC increased its stake in First Trust Managed Municipal ETF by 100.0% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 15,564 shares of the company’s stock worth $788,000 after buying an additional 7,782 shares during the period.

First Trust Managed Municipal ETF Price Performance

First Trust Managed Municipal ETF stock traded up $0.01 during mid-day trading on Friday, reaching $51.20. 88,422 shares of the company’s stock traded hands, compared to its average volume of 154,508. The stock has a 50 day moving average of $51.28 and a two-hundred day moving average of $51.25. First Trust Managed Municipal ETF has a 12-month low of $49.28 and a 12-month high of $52.03.

First Trust Managed Municipal ETF Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, April 21st will be paid a $0.156 dividend. The ex-dividend date of this dividend is Tuesday, April 21st. This represents a c) annualized dividend and a dividend yield of 3.7%.

About First Trust Managed Municipal ETF

The First Trust Managed Municipal ETF (FMB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests primarily in investment-grade municipal bonds, with some high-yield exposure. FMB was launched on May 13, 2014 and is managed by First Trust.