First Trust Municipal High Income ETF (NASDAQ:FMHI) Short Interest Up 125.1% in May

First Trust Municipal High Income ETF (NASDAQ:FMHI) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 24,787 shares, an increase of 125.1% from the April 30th total of 11,012 shares. Based on an average daily volume of 100,274 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Advyzon Investment Management LLC increased its holdings in shares of First Trust Municipal High Income ETF by 2.3% in the third quarter. Advyzon Investment Management LLC now owns 9,783 shares of the company’s stock worth $465,000 after buying an additional 223 shares during the period. Nations Financial Group Inc. IA ADV increased its holdings in shares of First Trust Municipal High Income ETF by 1.6% in the first quarter. Nations Financial Group Inc. IA ADV now owns 19,160 shares of the company’s stock worth $911,000 after buying an additional 300 shares during the period. Altus Wealth Group LLC increased its holdings in shares of First Trust Municipal High Income ETF by 4.5% in the fourth quarter. Altus Wealth Group LLC now owns 7,484 shares of the company’s stock worth $359,000 after buying an additional 320 shares during the period. Orion Porfolio Solutions LLC increased its holdings in shares of First Trust Municipal High Income ETF by 4.7% in the second quarter. Orion Porfolio Solutions LLC now owns 8,184 shares of the company’s stock worth $382,000 after buying an additional 365 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in shares of First Trust Municipal High Income ETF by 0.5% in the third quarter. Envestnet Asset Management Inc. now owns 71,188 shares of the company’s stock worth $3,382,000 after buying an additional 379 shares during the period.

First Trust Municipal High Income ETF Trading Up 0.1%

FMHI stock traded up $0.05 during mid-day trading on Friday, hitting $48.14. 59,367 shares of the stock were exchanged, compared to its average volume of 117,835. The business has a fifty day moving average price of $47.92 and a 200 day moving average price of $48.02. First Trust Municipal High Income ETF has a 12 month low of $45.83 and a 12 month high of $48.73.

First Trust Municipal High Income ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 21st were paid a dividend of $0.176 per share. This is an increase from First Trust Municipal High Income ETF’s previous dividend of $0.18. The ex-dividend date of this dividend was Thursday, May 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.