First Trust Municipal High Income ETF (NASDAQ:FMHI) Sees Large Drop in Short Interest

First Trust Municipal High Income ETF (NASDAQ:FMHI – Get Free Report) saw a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 11,012 shares, a decline of 35.7% from the April 15th total of 17,121 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 69,949 shares, the short-interest ratio is presently 0.2 days.

First Trust Municipal High Income ETF Price Performance

Shares of NASDAQ:FMHI traded up $0.05 during mid-day trading on Monday, reaching $47.85. 108,589 shares of the company’s stock were exchanged, compared to its average volume of 118,988. The business’s fifty day moving average price is $47.98 and its 200-day moving average price is $48.04. First Trust Municipal High Income ETF has a twelve month low of $45.83 and a twelve month high of $48.73.

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First Trust Municipal High Income ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, April 21st were paid a $0.175 dividend. The ex-dividend date of this dividend was Tuesday, April 21st.

Hedge Funds Weigh In On First Trust Municipal High Income ETF

Several hedge funds and other institutional investors have recently bought and sold shares of FMHI. Glen Eagle Advisors LLC acquired a new position in First Trust Municipal High Income ETF in the first quarter valued at $91,000. Camelot Portfolios LLC acquired a new position in First Trust Municipal High Income ETF in the fourth quarter valued at approximately $96,000. Hughes Financial Services LLC lifted its stake in First Trust Municipal High Income ETF by 25.7% in the third quarter. Hughes Financial Services LLC now owns 3,074 shares of the company’s stock valued at $148,000 after buying an additional 629 shares during the period. Parallel Advisors LLC acquired a new position in First Trust Municipal High Income ETF in the first quarter valued at approximately $161,000. Finally, CoreCap Advisors LLC lifted its stake in First Trust Municipal High Income ETF by 243.8% in the fourth quarter. CoreCap Advisors LLC now owns 3,792 shares of the company’s stock valued at $182,000 after buying an additional 2,689 shares during the period.

About First Trust Municipal High Income ETF

(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.

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