First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB – Get Free Report) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 62,475 shares, an increase of 1,265.6% from the June 30th total of 4,575 shares. Based on an average trading volume of 127,586 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.2% of the company’s shares are sold short.
First Trust Short Duration Managed Municipal ETF Stock Up 0.2%
First Trust Short Duration Managed Municipal ETF stock traded up $0.04 during trading on Friday, hitting $19.85. The company had a trading volume of 234,869 shares, compared to its average volume of 146,974. First Trust Short Duration Managed Municipal ETF has a 1-year low of $19.80 and a 1-year high of $20.25. The company’s 50 day simple moving average is $19.98 and its 200-day simple moving average is $20.05.
Institutional Investors Weigh In On First Trust Short Duration Managed Municipal ETF
Institutional investors have recently modified their holdings of the company. Advisory Services Network LLC acquired a new position in First Trust Short Duration Managed Municipal ETF during the 3rd quarter worth about $32,000. Legacy Wealth Managment LLC ID boosted its holdings in First Trust Short Duration Managed Municipal ETF by 800.7% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,666 shares of the company’s stock valued at $53,000 after acquiring an additional 2,370 shares during the period. Hazlett Burt & Watson Inc. grew its position in First Trust Short Duration Managed Municipal ETF by 111.5% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 2,750 shares of the company’s stock valued at $55,000 after acquiring an additional 1,450 shares in the last quarter. US Bancorp DE grew its position 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 acquiring an additional 815 shares in the last quarter. Finally, Tucker Asset Management LLC purchased a new stake in First Trust Short Duration Managed Municipal ETF during the fourth quarter worth about $82,000.
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.
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