First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) Short Interest Down 88.3% in June

First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 4,575 shares, a decline of 88.3% from the June 15th total of 39,266 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 175,304 shares, the days-to-cover ratio is presently 0.0 days.

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

A number of institutional investors have recently added to or reduced their stakes in FSMB. Advisory Services Network LLC bought a new position in shares of First Trust Short Duration Managed Municipal ETF during the 3rd quarter worth about $32,000. Legacy Wealth Managment LLC ID increased its stake in First Trust Short Duration Managed Municipal ETF by 800.7% in the first quarter. Legacy Wealth Managment LLC ID now owns 2,666 shares of the company’s stock valued at $53,000 after acquiring an additional 2,370 shares during the period. Hazlett Burt & Watson Inc. raised its position in First Trust Short Duration Managed Municipal ETF by 111.5% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 2,750 shares of the company’s stock worth $55,000 after purchasing an additional 1,450 shares in the last quarter. US Bancorp DE raised its position in First Trust Short Duration Managed Municipal ETF by 29.4% in the third quarter. US Bancorp DE now owns 3,584 shares of the company’s stock worth $72,000 after purchasing an additional 815 shares in the last quarter. Finally, Tucker Asset Management LLC bought a new position in First Trust Short Duration Managed Municipal ETF during the fourth quarter worth about $82,000.

First Trust Short Duration Managed Municipal ETF Stock Up 0.1%

FSMB traded up $0.01 on Friday, hitting $20.00. The company had a trading volume of 157,354 shares, compared to its average volume of 150,833. The company’s fifty day moving average price is $19.99 and its 200 day moving average price is $20.05. First Trust Short Duration Managed Municipal ETF has a 1-year low of $19.85 and a 1-year high of $20.25.

About First Trust Short Duration Managed Municipal ETF

The First Trust Short Duration Managed Municipal ETF (FSMB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of US municipal debt with a targeted portfolio duration of 1 to 3 years. The fund seeks tax-exempt income and capital preservation. FSMB was launched on Nov 1, 2018 and is managed by First Trust.