Short Interest in First Trust Municipal High Income ETF (NASDAQ:FMHI) Grows By 353.9%

First Trust Municipal High Income ETF (NASDAQ:FMHI) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 74,900 shares, an increase of 353.9% from the November 30th total of 16,500 shares. Based on an average trading volume of 89,400 shares, the days-to-cover ratio is presently 0.8 days.

First Trust Municipal High Income ETF Stock Down 0.1 %

First Trust Municipal High Income ETF stock traded down $0.05 during midday trading on Friday, hitting $48.03. 79,391 shares of the company’s stock were exchanged, compared to its average volume of 72,254. The firm has a 50-day moving average of $48.73 and a two-hundred day moving average of $48.87. First Trust Municipal High Income ETF has a 12 month low of $47.14 and a 12 month high of $49.51.

First Trust Municipal High Income ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.163 per share. The ex-dividend date is Friday, December 13th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.07%.

Hedge Funds Weigh In On First Trust Municipal High Income ETF

Large investors have recently bought and sold shares of the business. Rothschild Investment LLC bought a new stake in First Trust Municipal High Income ETF during the 2nd quarter valued at $30,000. Larson Financial Group LLC bought a new position in shares of First Trust Municipal High Income ETF in the 3rd quarter worth $92,000. Farmers & Merchants Investments Inc. purchased a new stake in shares of First Trust Municipal High Income ETF during the 3rd quarter worth $109,000. International Assets Investment Management LLC bought a new stake in First Trust Municipal High Income ETF during the second quarter valued at about $184,000. Finally, Mach 1 Financial Group LLC bought a new stake in First Trust Municipal High Income ETF during the third quarter valued at about $204,000.

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.