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

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

Institutional Trading of First Trust Managed Municipal ETF

Several hedge funds and other institutional investors have recently bought and sold shares of FMB. Tucker Asset Management LLC boosted its holdings in shares of First Trust Managed Municipal ETF by 933.3% in the 4th quarter. Tucker Asset Management LLC now owns 589 shares of the company’s stock valued at $30,000 after purchasing an additional 532 shares during the last quarter. Duncker Streett & Co. Inc. acquired a new position in shares of First Trust Managed Municipal ETF in the 4th quarter valued at $108,000. Pinnacle Bancorp Inc. boosted its holdings in shares of First Trust Managed Municipal ETF by 152.9% in the 4th quarter. Pinnacle Bancorp Inc. now owns 2,150 shares of the company’s stock valued at $110,000 after purchasing an additional 1,300 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of First Trust Managed Municipal ETF by 177.8% in the 4th quarter. Fifth Third Bancorp now owns 2,778 shares of the company’s stock valued at $142,000 after purchasing an additional 1,778 shares during the last quarter. Finally, Dopkins Wealth Management LLC acquired a new position in shares of First Trust Managed Municipal ETF in the 3rd quarter valued at $201,000.

First Trust Managed Municipal ETF Stock Down 0.3 %

FMB stock traded down $0.13 during midday trading on Thursday, hitting $50.75. The stock had a trading volume of 18,738 shares, compared to its average volume of 192,068. First Trust Managed Municipal ETF has a 12-month low of $48.10 and a 12-month high of $52.13. The company’s 50-day moving average price is $51.09 and its 200 day moving average price is $51.38.

First Trust Managed Municipal ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a $0.14 dividend. The ex-dividend date was Friday, February 21st.

First Trust Managed Municipal ETF Company Profile

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.