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

Posted by Brian Himes on Sep 30th, 2026

First Trust Municipal High Income ETF (NASDAQ:FMHI – Get Free Report) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 35,413 shares, a decline of 55.6% from the August 31st total of 79,811 shares. Based on an average daily trading volume, of 131,273 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Investors Weigh In On First Trust Municipal High Income ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Glen Eagle Advisors LLC acquired a new position in shares of First Trust Municipal High Income ETF during the 1st quarter worth about $91,000. Parallel Advisors LLC acquired a new stake in First Trust Municipal High Income ETF in the 1st quarter valued at approximately $161,000. Western Wealth Management LLC acquired a new stake in First Trust Municipal High Income ETF in the 1st quarter valued at approximately $162,000. Triumph Capital Management increased its position in First Trust Municipal High Income ETF by 152.1% in the 2nd quarter. Triumph Capital Management now owns 4,475 shares of the company’s stock worth $217,000 after buying an additional 2,700 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in First Trust Municipal High Income ETF in the 2nd quarter worth approximately $235,000.

First Trust Municipal High Income ETF Price Performance

Shares of NASDAQ FMHI traded up $0.51 during trading hours on Wednesday, hitting $44.98. 252,095 shares of the stock were exchanged, compared to its average volume of 125,684. First Trust Municipal High Income ETF has a one year low of $44.34 and a one year high of $48.73. The company’s 50 day moving average is $47.01 and its 200 day moving average is $47.72.

First Trust Municipal High Income ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th will be given a dividend of $0.1790 per share. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $2.15 dividend on an annualized basis and a yield of 4.8%. This is a positive change from First Trust Municipal High Income ETF’s previous monthly dividend of $0.1780.

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.