First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB – Get Free Report) saw a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 124,117 shares, a growth of 136.0% from the October 15th total of 52,596 shares. Based on an average trading volume of 197,561 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.4% of the company’s shares are sold short.
First Trust Short Duration Managed Municipal ETF Stock Down 0.2%
NYSEARCA:FSMB traded down $0.04 on Friday, reaching $19.76. 155,706 shares of the company’s stock were exchanged, compared to its average volume of 171,393. The business has a fifty day moving average of $19.67 and a 200-day moving average of $19.93. First Trust Short Duration Managed Municipal ETF has a 52-week low of $19.36 and a 52-week high of $20.25.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. Legacy Wealth Managment LLC ID lifted 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 worth $53,000 after buying an additional 2,370 shares in the last quarter. Financial Enhancement Group LLC acquired a new position in shares of First Trust Short Duration Managed Municipal ETF in the third quarter worth $224,000. Ashton Thomas Private Wealth LLC grew its stake in shares of First Trust Short Duration Managed Municipal ETF by 49.1% in the third quarter. Ashton Thomas Private Wealth LLC now owns 11,698 shares of the company’s stock worth $228,000 after acquiring an additional 3,852 shares in the last quarter. CoreCap Advisors LLC grew its stake in shares of First Trust Short Duration Managed Municipal ETF by 31.5% in the second quarter. CoreCap Advisors LLC now owns 12,017 shares of the company’s stock worth $240,000 after acquiring an additional 2,876 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of First Trust Short Duration Managed Municipal ETF during the second quarter worth $252,000.
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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