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

First Trust Municipal High Income ETF (NASDAQ:FMHI) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 27,100 shares, a decline of 10.6% from the September 15th total of 30,300 shares. Based on an average daily volume of 76,200 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of First Trust Municipal High Income ETF

Large investors have recently made changes to their positions in the company. DHJJ Financial Advisors Ltd. grew its position in shares of First Trust Municipal High Income ETF by 2.9% during the first quarter. DHJJ Financial Advisors Ltd. now owns 8,127 shares of the company’s stock worth $392,000 after acquiring an additional 229 shares during the last quarter. WealthCare Investment Partners LLC increased its holdings in First Trust Municipal High Income ETF by 2.3% in the third quarter. WealthCare Investment Partners LLC now owns 10,715 shares of the company’s stock valued at $526,000 after buying an additional 242 shares in the last quarter. Truist Financial Corp increased its holdings in First Trust Municipal High Income ETF by 1.8% in the second quarter. Truist Financial Corp now owns 13,605 shares of the company’s stock valued at $657,000 after buying an additional 243 shares in the last quarter. ShoreHaven Wealth Partners LLC increased its holdings in First Trust Municipal High Income ETF by 1.4% in the second quarter. ShoreHaven Wealth Partners LLC now owns 30,477 shares of the company’s stock valued at $1,473,000 after buying an additional 428 shares in the last quarter. Finally, Ameritas Advisory Services LLC grew its position in shares of First Trust Municipal High Income ETF by 6.7% in the second quarter. Ameritas Advisory Services LLC now owns 7,615 shares of the company’s stock valued at $368,000 after purchasing an additional 480 shares during the last quarter.

First Trust Municipal High Income ETF Price Performance

Shares of First Trust Municipal High Income ETF stock traded up $0.01 during trading hours on Thursday, reaching $49.22. 55,135 shares of the company’s stock were exchanged, compared to its average volume of 66,956. The business has a fifty day moving average of $49.18 and a two-hundred day moving average of $48.54. First Trust Municipal High Income ETF has a 1 year low of $43.88 and a 1 year high of $49.51.

First Trust Municipal High Income ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a dividend of $0.163 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.96 annualized dividend and a dividend yield of 3.97%.

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.