First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) Short Interest Up 201.7% in April

First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 42,861 shares, a growth of 201.7% from the April 15th total of 14,206 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 151,130 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FSMB. Hazlett Burt & Watson Inc. acquired a new position in shares of First Trust Short Duration Managed Municipal ETF during the third quarter valued at about $26,000. Advisory Services Network LLC acquired a new position in shares of First Trust Short Duration Managed Municipal ETF during the third quarter valued at about $32,000. Legacy Wealth Managment LLC ID raised its position in shares of First Trust Short Duration Managed Municipal ETF by 800.7% during the first quarter. Legacy Wealth Managment LLC ID now owns 2,666 shares of the company’s stock valued at $53,000 after buying an additional 2,370 shares during the last quarter. US Bancorp DE increased its holdings in First Trust Short Duration Managed Municipal ETF by 29.4% in the 3rd quarter. US Bancorp DE now owns 3,584 shares of the company’s stock valued at $72,000 after buying an additional 815 shares during the period. Finally, Tucker Asset Management LLC bought a new stake in First Trust Short Duration Managed Municipal ETF in the 4th quarter valued at $82,000.

First Trust Short Duration Managed Municipal ETF Stock Down 0.3%

Shares of FSMB traded down $0.05 during trading hours on Friday, reaching $19.94. 65,691 shares of the company traded hands, compared to its average volume of 154,772. The stock’s fifty day moving average is $20.02 and its 200 day moving average is $20.07. First Trust Short Duration Managed Municipal ETF has a 1-year low of $19.74 and a 1-year high of $20.25.

First Trust Short Duration Managed Municipal ETF Company Profile

The First Trust Short Duration Managed Municipal ETF (FSMB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of US municipal debt with a targeted portfolio duration of 1 to 3 years. The fund seeks tax-exempt income and capital preservation. FSMB was launched on Nov 1, 2018 and is managed by First Trust.