First Trust Municipal High Income ETF (NASDAQ:FMHI) Short Interest Update

First Trust Municipal High Income ETF (NASDAQ:FMHI) saw a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 55,800 shares, a growth of 27.4% from the October 15th total of 43,800 shares. Based on an average trading volume of 77,800 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of First Trust Municipal High Income ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC lifted its position in First Trust Municipal High Income ETF by 561.0% during the second quarter. NewEdge Advisors LLC now owns 188,505 shares of the company’s stock worth $9,109,000 after acquiring an additional 159,987 shares during the last quarter. Cetera Investment Advisers lifted its holdings in First Trust Municipal High Income ETF by 585.7% during the 1st quarter. Cetera Investment Advisers now owns 145,955 shares of the company’s stock worth $7,032,000 after purchasing an additional 124,671 shares during the last quarter. HighTower Advisors LLC boosted its stake in First Trust Municipal High Income ETF by 186.1% in the 3rd quarter. HighTower Advisors LLC now owns 172,366 shares of the company’s stock valued at $8,513,000 after purchasing an additional 112,110 shares during the period. Jane Street Group LLC grew its holdings in First Trust Municipal High Income ETF by 881.4% in the 1st quarter. Jane Street Group LLC now owns 107,345 shares of the company’s stock valued at $5,172,000 after buying an additional 96,407 shares in the last quarter. Finally, Meeder Advisory Services Inc. acquired a new stake in shares of First Trust Municipal High Income ETF during the second quarter worth $4,024,000.

First Trust Municipal High Income ETF Stock Performance

FMHI opened at $48.74 on Friday. The stock’s fifty day simple moving average is $49.05 and its 200 day simple moving average is $48.69. First Trust Municipal High Income ETF has a 1-year low of $45.50 and a 1-year high of $49.51.

First Trust Municipal High Income ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 22nd were paid a dividend of $0.163 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date of this dividend was Tuesday, October 22nd.

About First Trust Municipal High Income ETF

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.