First Trust Municipal High Income ETF (NASDAQ:FMHI) Short Interest Down 38.6% in March

First Trust Municipal High Income ETF (NASDAQ:FMHI) saw a large drop in short interest in March. As of March 15th, there was short interest totalling 8,900 shares, a drop of 38.6% from the February 28th total of 14,500 shares. Based on an average daily volume of 84,600 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On First Trust Municipal High Income ETF

A number of hedge funds have recently made changes to their positions in FMHI. Creative Financial Designs Inc. ADV boosted its position in First Trust Municipal High Income ETF by 187.4% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 868 shares of the company’s stock valued at $42,000 after buying an additional 566 shares in the last quarter. Coppell Advisory Solutions LLC increased its holdings in shares of First Trust Municipal High Income ETF by 180.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,293 shares of the company’s stock worth $62,000 after buying an additional 832 shares in the last quarter. Duncker Streett & Co. Inc. acquired a new position in shares of First Trust Municipal High Income ETF in the 4th quarter worth approximately $67,000. Larson Financial Group LLC bought a new stake in First Trust Municipal High Income ETF during the 3rd quarter worth approximately $92,000. Finally, Synergy Investment Management LLC bought a new stake in First Trust Municipal High Income ETF during the 4th quarter worth approximately $124,000.

First Trust Municipal High Income ETF Stock Performance

Shares of NASDAQ FMHI traded up $0.32 during trading hours on Friday, reaching $47.79. The stock had a trading volume of 76,534 shares, compared to its average volume of 75,451. First Trust Municipal High Income ETF has a twelve month low of $47.33 and a twelve month high of $49.51. The business’s fifty day moving average is $48.42 and its two-hundred day moving average is $48.68.

First Trust Municipal High Income ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be paid a dividend of $0.163 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.96 annualized dividend and a yield of 4.09%.

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.