First Trust Managed Municipal ETF (NASDAQ:FMB – Get Free Report) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 105,400 shares, a growth of 52.8% from the March 31st total of 69,000 shares. Based on an average daily volume of 157,700 shares, the days-to-cover ratio is currently 0.7 days.
Institutional Trading of First Trust Managed Municipal ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Independence Bank of Kentucky acquired a new position in First Trust Managed Municipal ETF during the fourth quarter valued at approximately $27,000. CENTRAL TRUST Co lifted its position in First Trust Managed Municipal ETF by 140.1% during the 3rd quarter. CENTRAL TRUST Co now owns 994 shares of the company’s stock worth $49,000 after acquiring an additional 580 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in First Trust Managed Municipal ETF in the fourth quarter valued at approximately $52,000. AdvisorNet Financial Inc raised its stake in shares of First Trust Managed Municipal ETF by 26.9% during the fourth quarter. AdvisorNet Financial Inc now owns 1,450 shares of the company’s stock valued at $75,000 after purchasing an additional 307 shares during the period. Finally, Tidemark LLC acquired a new position in shares of First Trust Managed Municipal ETF during the fourth quarter worth $76,000.
First Trust Managed Municipal ETF Stock Performance
Shares of FMB traded up $0.09 on Monday, hitting $50.80. 96,209 shares of the stock traded hands, compared to its average volume of 163,233. The stock’s 50 day moving average is $51.27 and its two-hundred day moving average is $50.77. First Trust Managed Municipal ETF has a 1 year low of $48.08 and a 1 year high of $51.77.
First Trust Managed Municipal ETF Announces Dividend
About First Trust Managed Municipal ETF
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.
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