First Trust Managed Municipal ETF (NASDAQ:FMB) Short Interest Update

Posted by Ethan Ryder on Jan 17th, 2025

First Trust Managed Municipal ETF (NASDAQ:FMB – Get Free Report) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 72,100 shares, an increase of 80.3% from the December 15th total of 40,000 shares. Based on an average daily volume of 187,500 shares, the short-interest ratio is presently 0.4 days.

First Trust Managed Municipal ETF Stock Performance

Shares of FMB stock opened at $50.80 on Friday. The stock’s 50 day simple moving average is $51.26 and its two-hundred day simple moving average is $51.47. First Trust Managed Municipal ETF has a 1 year low of $48.10 and a 1 year high of $52.13.

First Trust Managed Municipal ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.139 dividend. The ex-dividend date was Friday, December 13th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FMB. Pinnacle Bancorp Inc. increased its holdings in shares of First Trust Managed Municipal ETF by 152.9% in the 4th quarter. Pinnacle Bancorp Inc. now owns 2,150 shares of the company’s stock valued at $110,000 after acquiring an additional 1,300 shares during the period. Christopher J. Hasenberg Inc acquired a new stake in shares of First Trust Managed Municipal ETF in the 3rd quarter worth $166,000. Dopkins Wealth Management LLC acquired a new stake in shares of First Trust Managed Municipal ETF in the 3rd quarter worth $201,000. TrueWealth Advisors LLC acquired a new stake in shares of First Trust Managed Municipal ETF in the 4th quarter worth $207,000. Finally, James Investment Research Inc. acquired a new stake in shares of First Trust Managed Municipal ETF in the 3rd quarter worth $224,000.

About First Trust Managed Municipal ETF

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The First Trust Managed Municipal ETF (FMB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests primarily in investment-grade municipal bonds, with some high-yield exposure. FMB was launched on May 13, 2014 and is managed by First Trust.