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

First Trust Managed Municipal ETF (NASDAQ:FMB) was the target of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 8,500 shares, a decrease of 83.5% from the February 13th total of 51,500 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 217,200 shares, the short-interest ratio is currently 0.0 days.

First Trust Managed Municipal ETF Stock Performance

NASDAQ:FMB traded down $0.17 on Wednesday, reaching $50.88. 111,505 shares of the stock traded hands, compared to its average volume of 195,848. First Trust Managed Municipal ETF has a 1-year low of $48.10 and a 1-year high of $52.13. The company’s 50 day moving average is $51.09 and its 200-day moving average is $51.38.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were given a $0.14 dividend. The ex-dividend date of this dividend was Friday, February 21st.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. LPL Financial LLC increased its holdings in First Trust Managed Municipal ETF by 6.9% in the third quarter. LPL Financial LLC now owns 2,507,371 shares of the company’s stock worth $130,283,000 after purchasing an additional 162,331 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of First Trust Managed Municipal ETF during the 4th quarter worth approximately $58,677,000. Miracle Mile Advisors LLC lifted its position in shares of First Trust Managed Municipal ETF by 5.0% during the 4th quarter. Miracle Mile Advisors LLC now owns 629,831 shares of the company’s stock valued at $32,128,000 after acquiring an additional 29,957 shares during the period. Avantax Advisory Services Inc. boosted its stake in First Trust Managed Municipal ETF by 0.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 604,941 shares of the company’s stock worth $30,858,000 after acquiring an additional 2,306 shares in the last quarter. Finally, OneDigital Investment Advisors LLC boosted its stake in First Trust Managed Municipal ETF by 4.1% during the fourth quarter. OneDigital Investment Advisors LLC now owns 436,357 shares of the company’s stock worth $22,259,000 after acquiring an additional 17,192 shares in the last quarter.

About First Trust Managed Municipal ETF

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.