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

First Trust Municipal High Income ETF (NASDAQ:FMHI) was the target of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 18,323 shares, a decrease of 86.6% from the June 15th total of 137,095 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 88,023 shares, the days-to-cover ratio is presently 0.2 days.

First Trust Municipal High Income ETF Stock Performance

First Trust Municipal High Income ETF stock traded up $0.04 on Friday, hitting $48.38. 61,036 shares of the stock traded hands, compared to its average volume of 112,596. First Trust Municipal High Income ETF has a 1 year low of $45.83 and a 1 year high of $48.73. The business’s fifty day simple moving average is $48.22 and its 200 day simple moving average is $48.13.

First Trust Municipal High Income ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.177 dividend. The ex-dividend date was Thursday, June 25th. This is a positive change from First Trust Municipal High Income ETF’s previous dividend of $0.18.

Institutional Investors Weigh In On First Trust Municipal High Income ETF

Several hedge funds have recently bought and sold shares of the business. Glen Eagle Advisors LLC bought a new position in shares of First Trust Municipal High Income ETF during the first quarter valued at approximately $91,000. Camelot Portfolios LLC bought a new stake in shares of First Trust Municipal High Income ETF in the 4th quarter worth approximately $96,000. Hughes Financial Services LLC boosted its position in shares of First Trust Municipal High Income ETF by 25.7% in the 3rd quarter. Hughes Financial Services LLC now owns 3,074 shares of the company’s stock worth $148,000 after purchasing an additional 629 shares in the last quarter. Parallel Advisors LLC bought a new stake in shares of First Trust Municipal High Income ETF in the 1st quarter worth approximately $161,000. Finally, Western Wealth Management LLC purchased a new stake in shares of First Trust Municipal High Income ETF in the 1st quarter worth approximately $162,000.

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.