Short Interest in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) Drops By 64.3%

First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) was the target of a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 15,390 shares, a decrease of 64.3% from the November 30th total of 43,090 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 83,407 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 83,407 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in FSMB. Raymond James Financial Inc. boosted its holdings in First Trust Short Duration Managed Municipal ETF by 3.1% in the second quarter. Raymond James Financial Inc. now owns 1,751,968 shares of the company’s stock valued at $34,873,000 after acquiring an additional 53,489 shares during the last quarter. RMR Wealth Builders raised its holdings in shares of First Trust Short Duration Managed Municipal ETF by 9.5% in the 3rd quarter. RMR Wealth Builders now owns 943,851 shares of the company’s stock worth $18,953,000 after purchasing an additional 81,683 shares during the period. TruWealth Advisors LLC lifted its stake in shares of First Trust Short Duration Managed Municipal ETF by 3.1% in the 3rd quarter. TruWealth Advisors LLC now owns 641,990 shares of the company’s stock valued at $12,891,000 after purchasing an additional 19,201 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of First Trust Short Duration Managed Municipal ETF by 3.7% during the 1st quarter. Royal Bank of Canada now owns 424,996 shares of the company’s stock worth $8,445,000 after purchasing an additional 15,155 shares during the period. Finally, NewEdge Advisors LLC grew its holdings in shares of First Trust Short Duration Managed Municipal ETF by 12.8% during the 2nd quarter. NewEdge Advisors LLC now owns 417,780 shares of the company’s stock worth $8,316,000 after purchasing an additional 47,538 shares during the period.

First Trust Short Duration Managed Municipal ETF Price Performance

First Trust Short Duration Managed Municipal ETF stock traded up $0.02 during trading on Friday, reaching $20.04. The company had a trading volume of 71,413 shares, compared to its average volume of 96,631. First Trust Short Duration Managed Municipal ETF has a 12-month low of $19.47 and a 12-month high of $20.21. The stock’s 50 day moving average price is $20.04 and its two-hundred day moving average price is $20.02.

First Trust Short Duration Managed Municipal ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 21st were paid a dividend of $0.052 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a c) annualized dividend and a dividend yield of 3.1%.

About First Trust Short Duration Managed Municipal ETF

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.