First Trust Managed Municipal ETF (NASDAQ:FMB) Short Interest Up 131.7% in November

First Trust Managed Municipal ETF (NASDAQ:FMB) was the recipient of a large growth in short interest in November. As of November 30th, there was short interest totalling 29,200 shares, a growth of 131.7% from the November 15th total of 12,600 shares. Based on an average daily volume of 167,500 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On First Trust Managed Municipal ETF

Several hedge funds have recently added to or reduced their stakes in FMB. CWA Asset Management Group LLC acquired a new stake in shares of First Trust Managed Municipal ETF in the third quarter valued at approximately $13,088,000. LPL Financial LLC lifted its stake in First Trust Managed Municipal ETF by 6.9% in the 3rd quarter. LPL Financial LLC now owns 2,507,371 shares of the company’s stock valued at $130,283,000 after buying an additional 162,331 shares in the last quarter. International Assets Investment Management LLC lifted its stake in First Trust Managed Municipal ETF by 5,096.0% in the 3rd quarter. International Assets Investment Management LLC now owns 114,208 shares of the company’s stock valued at $5,934,000 after buying an additional 112,010 shares in the last quarter. Miracle Mile Advisors LLC grew its holdings in First Trust Managed Municipal ETF by 22.2% during the 3rd quarter. Miracle Mile Advisors LLC now owns 599,874 shares of the company’s stock valued at $31,169,000 after buying an additional 109,001 shares during the last quarter. Finally, Larson Financial Group LLC increased its position in First Trust Managed Municipal ETF by 201.9% during the second quarter. Larson Financial Group LLC now owns 151,651 shares of the company’s stock worth $7,743,000 after buying an additional 101,412 shares in the last quarter.

First Trust Managed Municipal ETF Stock Down 0.4 %

Shares of FMB stock opened at $51.28 on Friday. First Trust Managed Municipal ETF has a 1 year low of $48.10 and a 1 year high of $52.13. The stock has a fifty day moving average price of $51.51 and a 200 day moving average price of $51.49.

First Trust Managed Municipal ETF Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.139 dividend. The ex-dividend date is Friday, December 13th.

First Trust Managed Municipal ETF Company Profile

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.