First Trust Municipal High Income ETF (NASDAQ:FMHI) Short Interest Update

First Trust Municipal High Income ETF (NASDAQ:FMHI) saw a significant decline in short interest in May. As of May 29th, there was short interest totaling 12,661 shares, a decline of 48.9% from the May 14th total of 24,787 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 102,690 shares, the short-interest ratio is currently 0.1 days.

First Trust Municipal High Income ETF Price Performance

Shares of NASDAQ:FMHI traded up $0.04 during mid-day trading on Monday, reaching $48.34. The stock had a trading volume of 83,739 shares, compared to its average volume of 115,704. First Trust Municipal High Income ETF has a 1 year low of $45.83 and a 1 year high of $48.73. The business’s 50 day moving average price is $48.06 and its 200 day moving average price is $48.04.

First Trust Municipal High Income ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 21st were given a $0.176 dividend. This is an increase from First Trust Municipal High Income ETF’s previous dividend of $0.18. The ex-dividend date was Thursday, May 21st.

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. AQR Capital Management LLC purchased a new stake in shares of First Trust Municipal High Income ETF in the first quarter worth about $377,000. Baird Financial Group Inc. lifted its position in shares of First Trust Municipal High Income ETF by 7.6% in the second quarter. Baird Financial Group Inc. now owns 6,400 shares of the company’s stock worth $299,000 after buying an additional 450 shares in the last quarter. Jane Street Group LLC increased its stake in First Trust Municipal High Income ETF by 888.7% during the second quarter. Jane Street Group LLC now owns 131,035 shares of the company’s stock worth $6,119,000 after acquiring an additional 117,782 shares during the last quarter. MML Investors Services LLC increased its stake in First Trust Municipal High Income ETF by 1.4% during the second quarter. MML Investors Services LLC now owns 101,612 shares of the company’s stock worth $4,745,000 after acquiring an additional 1,414 shares during the last quarter. Finally, Orion Porfolio Solutions LLC increased its stake in First Trust Municipal High Income ETF by 4.7% during the second quarter. Orion Porfolio Solutions LLC now owns 8,184 shares of the company’s stock worth $382,000 after acquiring an additional 365 shares during the last quarter.

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.