First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) Short Interest Down 32.6% in October

First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 23,800 shares, a drop of 32.6% from the September 30th total of 35,300 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 58,400 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 58,400 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the company’s shares are short sold.

First Trust Ultra Short Duration Municipal ETF Trading Down 0.0%

FUMB stock traded down $0.01 during trading on Tuesday, hitting $20.08. The company had a trading volume of 36,924 shares, compared to its average volume of 63,236. First Trust Ultra Short Duration Municipal ETF has a 52-week low of $19.91 and a 52-week high of $20.23. The company has a 50 day simple moving average of $20.11 and a 200-day simple moving average of $20.11.

First Trust Ultra Short Duration Municipal ETF Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be paid a $0.046 dividend. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Monday, November 3rd.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FUMB. XML Financial LLC purchased a new position in First Trust Ultra Short Duration Municipal ETF in the 2nd quarter worth about $9,679,000. Royal Bank of Canada increased its position in First Trust Ultra Short Duration Municipal ETF by 49.1% during the 1st quarter. Royal Bank of Canada now owns 331,310 shares of the company’s stock valued at $6,658,000 after purchasing an additional 109,110 shares during the period. Truist Financial Corp increased its position in First Trust Ultra Short Duration Municipal ETF by 636.1% during the 2nd quarter. Truist Financial Corp now owns 119,557 shares of the company’s stock valued at $2,403,000 after purchasing an additional 103,315 shares during the period. Thrivent Financial for Lutherans purchased a new position in First Trust Ultra Short Duration Municipal ETF during the 3rd quarter valued at about $1,559,000. Finally, Harbour Investments Inc. increased its position in First Trust Ultra Short Duration Municipal ETF by 439.1% during the 2nd quarter. Harbour Investments Inc. now owns 46,097 shares of the company’s stock valued at $927,000 after purchasing an additional 37,547 shares during the period.

About First Trust Ultra Short Duration Municipal ETF

The First Trust Ultra Short Duration Municipal ETF (FUMB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund of US municipal debt with a targeted portfolio duration of less than one year. The fund seeks tax-exempt income and capital preservation.