First Trust Managed Municipal ETF (NASDAQ:FMB – Get Free Report) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 10,162 shares, a drop of 35.0% from the September 30th total of 15,626 shares. Based on an average trading volume of 658,038 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.
First Trust Managed Municipal ETF Stock Performance
First Trust Managed Municipal ETF stock opened at $49.43 on Tuesday. The business has a 50-day simple moving average of $48.91 and a 200 day simple moving average of $50.58. First Trust Managed Municipal ETF has a 52 week low of $47.38 and a 52 week high of $52.03.
First Trust Managed Municipal ETF Dividend Announcement
The company also recently declared a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, October 21st were paid a dividend of $0.1590 per share. The ex-dividend date of this dividend was Wednesday, October 21st. This represents a $1.91 annualized dividend and a yield of 3.9%.
Hedge Funds Weigh In On First Trust Managed Municipal ETF
Institutional investors have recently modified their holdings of the company. Ashton Thomas Private Wealth LLC raised its stake in First Trust Managed Municipal ETF by 3.5% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 36,258 shares of the company’s stock valued at $1,735,000 after buying an additional 1,238 shares during the last quarter. Westside Investment Management Inc. boosted its stake in shares of First Trust Managed Municipal ETF by 4.3% in the 3rd quarter. Westside Investment Management Inc. now owns 74,000 shares of the company’s stock worth $3,544,000 after buying an additional 3,050 shares during the last quarter. Kestra Advisory Services LLC boosted its stake in shares of First Trust Managed Municipal ETF by 8.6% in the 3rd quarter. Kestra Advisory Services LLC now owns 178,128 shares of the company’s stock worth $8,525,000 after buying an additional 14,115 shares during the last quarter. Commonwealth Equity Services LLC bought a new stake in shares of First Trust Managed Municipal ETF in the third quarter worth $17,671,000. Finally, XML Financial LLC bought a new stake in shares of First Trust Managed Municipal ETF in the third quarter worth $10,182,000.
About First Trust Managed Municipal ETF
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.
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