First Trust Municipal High Income ETF (NASDAQ:FMHI) Sees Large Decrease in Short Interest

First Trust Municipal High Income ETF (NASDAQ:FMHI) was the target of a significant decrease in short interest in the month of 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 daily volume of 92,500 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of First Trust Municipal High Income ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Larson Financial Group LLC purchased a new position in First Trust Municipal High Income ETF during the third quarter worth approximately $92,000. Farmers & Merchants Investments Inc. purchased a new position in shares of First Trust Municipal High Income ETF in the third quarter valued at approximately $109,000. Mach 1 Financial Group LLC purchased a new position in shares of First Trust Municipal High Income ETF in the third quarter valued at approximately $204,000. SeaCrest Wealth Management LLC purchased a new position in shares of First Trust Municipal High Income ETF in the third quarter valued at approximately $225,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in First Trust Municipal High Income ETF during the second quarter worth approximately $279,000.

First Trust Municipal High Income ETF Stock Down 0.2 %

Shares of FMHI stock traded down $0.08 during mid-day trading on Tuesday, reaching $47.87. The stock had a trading volume of 165,843 shares, compared to its average volume of 109,343. The business’s fifty day moving average is $48.63 and its 200-day moving average is $48.85. First Trust Municipal High Income ETF has a 1-year low of $47.14 and a 1-year high of $49.51.

First Trust Municipal High Income ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a dividend of $0.163 per share. This represents a $1.96 annualized dividend and a yield of 4.09%. The ex-dividend date of this dividend was Friday, December 13th.

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.