First Trust Managed Municipal ETF (NASDAQ:FMB) Short Interest Update

First Trust Managed Municipal ETF (NASDAQ:FMB) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 16,794 shares, a decline of 70.0% from the July 15th total of 56,048 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 174,598 shares, the days-to-cover ratio is currently 0.1 days.

First Trust Managed Municipal ETF Stock Performance

FMB stock opened at $50.63 on Thursday. First Trust Managed Municipal ETF has a fifty-two week low of $49.49 and a fifty-two week high of $52.03. The business’s fifty day moving average price is $51.00 and its two-hundred day moving average price is $51.16.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st were paid a $0.157 dividend. The ex-dividend date was Tuesday, July 21st. This represents a c) annualized dividend and a yield of 3.7%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. TrueWealth Financial Partners acquired a new position in First Trust Managed Municipal ETF in the 4th quarter valued at $12,720,000. Bank of America Corp DE lifted its position in shares of First Trust Managed Municipal ETF by 12.2% during the 1st quarter. Bank of America Corp DE now owns 2,046,794 shares of the company’s stock valued at $103,691,000 after acquiring an additional 221,955 shares during the period. Jane Street Group LLC grew its holdings in shares of First Trust Managed Municipal ETF by 2,668.1% during the 1st quarter. Jane Street Group LLC now owns 189,530 shares of the company’s stock worth $9,557,000 after purchasing an additional 182,683 shares in the last quarter. LPL Financial LLC grew its holdings in shares of First Trust Managed Municipal ETF by 8.5% during the 4th quarter. LPL Financial LLC now owns 2,308,525 shares of the company’s stock worth $118,046,000 after purchasing an additional 181,458 shares in the last quarter. Finally, Composition Wealth LLC increased its position in shares of First Trust Managed Municipal ETF by 8.7% in the fourth quarter. Composition Wealth LLC now owns 1,163,045 shares of the company’s stock worth $59,472,000 after purchasing an additional 92,945 shares during the period.

First Trust Managed Municipal ETF Company Profile

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.