First Trust Managed Municipal ETF (NASDAQ:FMB) Short Interest Up 33.4% in February

First Trust Managed Municipal ETF (NASDAQ:FMB) was the recipient of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 51,500 shares, a growth of 33.4% from the January 31st total of 38,600 shares. Based on an average daily volume of 214,400 shares, the short-interest ratio is currently 0.2 days.

First Trust Managed Municipal ETF Stock Performance

FMB stock opened at $51.29 on Thursday. First Trust Managed Municipal ETF has a 1-year low of $48.10 and a 1-year high of $52.13. The business has a 50-day moving average price of $51.07 and a 200 day moving average price of $51.40.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were given a $0.14 dividend. The ex-dividend date of this dividend was Friday, February 21st.

Hedge Funds Weigh In On First Trust Managed Municipal ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. purchased a new stake in First Trust Managed Municipal ETF during the fourth quarter worth $58,677,000. Independent Advisor Alliance bought a new position in shares of First Trust Managed Municipal ETF in the 4th quarter worth $14,829,000. CWA Asset Management Group LLC purchased a new stake in shares of First Trust Managed Municipal ETF during the 3rd quarter worth $13,088,000. LPL Financial LLC lifted its stake in shares of First Trust Managed Municipal ETF by 6.9% during the 3rd quarter. LPL Financial LLC now owns 2,507,371 shares of the company’s stock worth $130,283,000 after purchasing an additional 162,331 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC boosted its position in First Trust Managed Municipal ETF by 620.3% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 150,146 shares of the company’s stock valued at $7,659,000 after purchasing an additional 129,301 shares in the last quarter.

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.