First Trust Municipal High Income ETF (NASDAQ:FMHI) Sees Significant Drop in Short Interest

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

Institutional Inflows and Outflows

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

First Trust Municipal High Income ETF Stock Performance

Shares of FMHI traded up $0.03 during trading hours on Monday, reaching $47.82. The company had a trading volume of 55,714 shares, compared to its average volume of 75,378. First Trust Municipal High Income ETF has a 12-month low of $47.33 and a 12-month high of $49.51. The firm has a 50 day simple moving average of $48.42 and a 200-day simple moving average of $48.67.

First Trust Municipal High Income ETF Dividend Announcement

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

First Trust Municipal High Income ETF Company Profile

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.