First Trust Municipal High Income ETF (NASDAQ:FMHI) Short Interest Down 68.1% in December

First Trust Municipal High Income ETF (NASDAQ:FMHI) was the recipient of a large decrease in short interest in December. As of December 31st, there was short interest totalling 23,900 shares, a decrease of 68.1% from the December 15th total of 74,900 shares. Based on an average trading volume of 92,500 shares, the short-interest ratio is currently 0.3 days.

First Trust Municipal High Income ETF Stock Performance

NASDAQ FMHI traded down $0.10 during trading on Monday, hitting $47.95. The stock had a trading volume of 104,739 shares, compared to its average volume of 101,277. The firm has a 50 day moving average price of $48.65 and a 200 day moving average price of $48.85. First Trust Municipal High Income ETF has a twelve month low of $47.14 and a twelve month high of $49.51.

First Trust Municipal High Income ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $0.163 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date was Friday, December 13th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FMHI. Great Valley Advisor Group Inc. grew its holdings in First Trust Municipal High Income ETF by 1.1% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 19,639 shares of the company’s stock worth $970,000 after acquiring an additional 209 shares in the last quarter. WealthCare Investment Partners LLC lifted its position in shares of First Trust Municipal High Income ETF by 2.3% during the 3rd quarter. WealthCare Investment Partners LLC now owns 10,715 shares of the company’s stock worth $526,000 after purchasing an additional 242 shares during the last quarter. Truist Financial Corp grew its stake in shares of First Trust Municipal High Income ETF by 1.8% during the second quarter. Truist Financial Corp now owns 13,605 shares of the company’s stock worth $657,000 after purchasing an additional 243 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in First Trust Municipal High Income ETF by 3.4% in the third quarter. Integrated Wealth Concepts LLC now owns 9,063 shares of the company’s stock valued at $448,000 after buying an additional 302 shares during the last quarter. Finally, AdvisorNet Financial Inc raised its stake in First Trust Municipal High Income ETF by 4.3% in the fourth quarter. AdvisorNet Financial Inc now owns 11,699 shares of the company’s stock valued at $565,000 after buying an additional 481 shares in 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.