First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB – Get Free Report) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 42,861 shares, a growth of 201.7% from the April 15th total of 14,206 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 151,130 shares, the short-interest ratio is currently 0.3 days.
Hedge Funds Weigh In On First Trust Short Duration Managed Municipal ETF
Institutional investors have recently modified their holdings of the business. Hazlett Burt & Watson Inc. bought a new stake in shares of First Trust Short Duration Managed Municipal ETF during the 3rd quarter worth $26,000. Advisory Services Network LLC bought a new position in First Trust Short Duration Managed Municipal ETF in the third quarter valued at about $32,000. Legacy Wealth Managment LLC ID raised its stake in First Trust Short Duration Managed Municipal ETF by 800.7% during the first quarter. Legacy Wealth Managment LLC ID now owns 2,666 shares of the company’s stock worth $53,000 after acquiring an additional 2,370 shares in the last quarter. US Bancorp DE raised its stake 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 in the last quarter. Finally, Tucker Asset Management LLC bought a new position in shares of First Trust Short Duration Managed Municipal ETF in the fourth quarter worth about $82,000.
First Trust Short Duration Managed Municipal ETF Stock Performance
NYSEARCA:FSMB traded up $0.01 during mid-day trading on Thursday, reaching $19.99. The stock had a trading volume of 87,815 shares, compared to its average volume of 155,740. The stock has a 50-day simple moving average of $20.03 and a two-hundred day simple moving average of $20.07. First Trust Short Duration Managed Municipal ETF has a 12 month low of $19.74 and a 12 month high of $20.25.
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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