First Trust Municipal High Income ETF (NASDAQ:FMHI) Sees Significant Increase in Short Interest

Posted by Francis Steltz on Jul 25th, 2026

First Trust Municipal High Income ETF (NASDAQ:FMHI – Get Free Report) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 138,409 shares, an increase of 655.4% from the June 30th total of 18,323 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average daily trading volume, of 104,938 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Trading of First Trust Municipal High Income ETF

A number of large investors have recently made changes to their positions in FMHI. Wells Fargo & Company MN grew its holdings in shares of First Trust Municipal High Income ETF by 15.6% in the fourth quarter. Wells Fargo & Company MN now owns 1,145,777 shares of the company’s stock worth $54,922,000 after purchasing an additional 154,624 shares during the last quarter. Bank of America Corp DE lifted its holdings in First Trust Municipal High Income ETF by 23.7% during the 1st quarter. Bank of America Corp DE now owns 798,920 shares of the company’s stock valued at $37,981,000 after buying an additional 153,170 shares in the last quarter. LPL Financial LLC lifted its holdings in First Trust Municipal High Income ETF by 12.5% during the 4th quarter. LPL Financial LLC now owns 1,167,716 shares of the company’s stock valued at $55,974,000 after buying an additional 129,684 shares in the last quarter. Jane Street Group LLC boosted its position in First Trust Municipal High Income ETF by 888.7% in the 2nd quarter. Jane Street Group LLC now owns 131,035 shares of the company’s stock valued at $6,119,000 after buying an additional 117,782 shares during the period. Finally, Morgan Stanley boosted its position in First Trust Municipal High Income ETF by 9.7% in the 4th quarter. Morgan Stanley now owns 1,321,787 shares of the company’s stock valued at $63,359,000 after buying an additional 117,314 shares during the period.

First Trust Municipal High Income ETF Price Performance

Shares of FMHI stock opened at $47.56 on Friday. First Trust Municipal High Income ETF has a 52-week low of $45.85 and a 52-week high of $48.73. The stock has a 50 day moving average price of $48.22 and a 200 day moving average price of $48.14.

First Trust Municipal High Income ETF Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st will be paid a $0.177 dividend. The ex-dividend date is Tuesday, July 21st.

First Trust Municipal High Income ETF Company Profile

(Get Free Report)

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.