First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB – Get Free Report) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 28,394 shares, a growth of 155.8% from the July 30th total of 11,100 shares. Based on an average trading volume of 107,738 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are sold short.
Hedge Funds Weigh In On First Trust Short Duration Managed Municipal ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisory Services Network LLC purchased a new position in shares of First Trust Short Duration Managed Municipal ETF during the 3rd quarter worth approximately $32,000. Legacy Wealth Managment LLC ID boosted its stake in shares of First Trust Short Duration Managed Municipal ETF by 800.7% in 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 in the last quarter. Hazlett Burt & Watson Inc. grew its holdings in First Trust Short Duration Managed Municipal ETF by 111.5% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 2,750 shares of the company’s stock worth $55,000 after acquiring an additional 1,450 shares during the period. US Bancorp DE grew its holdings in First Trust Short Duration Managed Municipal ETF by 29.4% during the third quarter. US Bancorp DE now owns 3,584 shares of the company’s stock worth $72,000 after acquiring an additional 815 shares during the period. Finally, Tucker Asset Management LLC purchased a new position in First Trust Short Duration Managed Municipal ETF in the fourth quarter worth $82,000.
First Trust Short Duration Managed Municipal ETF Stock Down 0.1%
Shares of NYSEARCA:FSMB opened at $19.87 on Friday. First Trust Short Duration Managed Municipal ETF has a fifty-two week low of $19.80 and a fifty-two week high of $20.25. The firm’s 50-day simple moving average is $19.95 and its 200-day simple moving average is $20.01.
About First Trust Short Duration Managed Municipal ETF
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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