First Trust Managed Municipal ETF (NASDAQ:FMB) Short Interest Up 654.1% in March

First Trust Managed Municipal ETF (NASDAQ:FMB) was the recipient of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 64,100 shares, a growth of 654.1% from the February 28th total of 8,500 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 205,500 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On First Trust Managed Municipal ETF

Several hedge funds and other institutional investors have recently made changes to their positions in FMB. Private Trust Co. NA lifted its holdings in shares of First Trust Managed Municipal ETF by 1.0% in the 4th quarter. Private Trust Co. NA now owns 20,210 shares of the company’s stock valued at $1,031,000 after purchasing an additional 200 shares during the last quarter. Valmark Advisers Inc. increased its position in First Trust Managed Municipal ETF by 3.2% in the 4th quarter. Valmark Advisers Inc. now owns 8,386 shares of the company’s stock valued at $428,000 after acquiring an additional 257 shares during the period. WealthCare Investment Partners LLC raised its stake in First Trust Managed Municipal ETF by 0.6% during the 4th quarter. WealthCare Investment Partners LLC now owns 48,816 shares of the company’s stock valued at $2,495,000 after acquiring an additional 274 shares during the last quarter. Summit Investment Advisors Inc. lifted its position in First Trust Managed Municipal ETF by 3.7% during the 4th quarter. Summit Investment Advisors Inc. now owns 9,640 shares of the company’s stock worth $492,000 after acquiring an additional 341 shares during the period. Finally, Westside Investment Management Inc. grew its stake in shares of First Trust Managed Municipal ETF by 0.5% in the 3rd quarter. Westside Investment Management Inc. now owns 63,442 shares of the company’s stock valued at $3,294,000 after purchasing an additional 343 shares during the last quarter.

First Trust Managed Municipal ETF Stock Down 0.5 %

NASDAQ:FMB traded down $0.26 during mid-day trading on Wednesday, hitting $50.44. The stock had a trading volume of 180,458 shares, compared to its average volume of 167,220. First Trust Managed Municipal ETF has a twelve month low of $48.10 and a twelve month high of $52.13. The stock has a 50-day simple moving average of $51.06 and a two-hundred day simple moving average of $51.32.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were issued a dividend of $0.14 per share. 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.