First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) Shares Shorted: Short Interest Up 59.5% in September

First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 137,031 shares, an increase of 59.5% from the September 15th total of 85,925 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 254,863 shares, the short-interest ratio is currently 0.5 days.

First Trust Short Duration Managed Municipal ETF Stock Up 0.0%

Shares of First Trust Short Duration Managed Municipal ETF stock traded up $0.01 during midday trading on Friday, reaching $19.62. 11,003 shares of the company’s stock traded hands, compared to its average volume of 167,255. The company’s 50 day simple moving average is $19.73 and its 200 day simple moving average is $19.89. First Trust Short Duration Managed Municipal ETF has a 52 week low of $19.36 and a 52 week high of $20.25.

Institutional Trading of First Trust Short Duration Managed Municipal ETF

Several institutional investors have recently modified their holdings of the company. True Blue Financial LLC boosted its stake in First Trust Short Duration Managed Municipal ETF by 3.8% during the third quarter. True Blue Financial LLC now owns 247,082 shares of the company’s stock worth $4,808,000 after buying an additional 9,063 shares in the last quarter. Trust Co. of Oklahoma bought a new position in shares of First Trust Short Duration Managed Municipal ETF during the 3rd quarter worth about $649,000. Avaii Wealth Management LLC lifted its holdings in shares of First Trust Short Duration Managed Municipal ETF by 2.2% during the 3rd quarter. Avaii Wealth Management LLC now owns 55,320 shares of the company’s stock worth $1,080,000 after acquiring an additional 1,194 shares during the period. Inspirion Wealth Advisors LLC bought a new position in shares of First Trust Short Duration Managed Municipal ETF during the 3rd quarter worth about $581,000. Finally, Financial Enhancement Group LLC acquired a new stake in shares of First Trust Short Duration Managed Municipal ETF during the 3rd quarter valued at about $224,000.

First Trust Short Duration Managed Municipal ETF Company Profile

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.