First Trust Municipal High Income ETF (NASDAQ:FMHI – Get Free Report) saw a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 312,838 shares, an increase of 430.3% from the October 15th total of 58,997 shares. Currently, 1.3% of the shares of the company are short sold. Based on an average trading volume of 432,892 shares, the short-interest ratio is currently 0.7 days.
First Trust Municipal High Income ETF Stock Up 0.2%
Shares of First Trust Municipal High Income ETF stock traded up $0.09 during trading on Wednesday, hitting $46.67. 20,092 shares of the stock were exchanged, compared to its average volume of 167,109. The company has a fifty day moving average price of $45.81 and a 200-day moving average price of $47.49. First Trust Municipal High Income ETF has a 1-year low of $44.34 and a 1-year high of $48.73.
First Trust Municipal High Income ETF Announces Dividend
The firm also recently declared a monthly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, October 21st were issued a dividend of $0.1790 per share. The ex-dividend date was Wednesday, October 21st. This represents a $2.15 dividend on an annualized basis and a yield of 4.6%.
Hedge Funds Weigh In On First Trust Municipal High Income ETF
A number of institutional investors have recently bought and sold shares of the business. Glen Eagle Advisors LLC acquired a new stake in shares of First Trust Municipal High Income ETF in the first quarter valued at approximately $91,000. Parallel Advisors LLC acquired a new position in shares of First Trust Municipal High Income ETF during the 1st quarter worth approximately $161,000. Western Wealth Management LLC acquired a new position in shares of First Trust Municipal High Income ETF during the 1st quarter worth approximately $162,000. Triumph Capital Management raised its stake 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 valued at $217,000 after acquiring an additional 2,700 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in First Trust Municipal High Income ETF in the 2nd quarter valued at $235,000.
First Trust Municipal High Income ETF Company Profile
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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