First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) Short Interest Update

First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totaling 60,708 shares, a growth of 98.7% from the December 15th total of 30,549 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily volume of 101,402 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 101,402 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.5% of the company’s stock are sold short.

Hedge Funds Weigh In On First Trust Ultra Short Duration Municipal ETF

Several hedge funds have recently made changes to their positions in the company. Baird Financial Group Inc. lifted its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 25.0% in the 1st quarter. Baird Financial Group Inc. now owns 12,500 shares of the company’s stock valued at $251,000 after purchasing an additional 2,500 shares during the last quarter. Royal Bank of Canada increased its position in First Trust Ultra Short Duration Municipal ETF by 49.1% during the first quarter. Royal Bank of Canada now owns 331,310 shares of the company’s stock worth $6,658,000 after buying an additional 109,110 shares during the period. Farther Finance Advisors LLC acquired a new stake in shares of First Trust Ultra Short Duration Municipal ETF in the second quarter valued at approximately $371,000. Golden State Equity Partners boosted its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 5.6% in the second quarter. Golden State Equity Partners now owns 10,913 shares of the company’s stock valued at $219,000 after acquiring an additional 580 shares during the period. Finally, Occidental Asset Management LLC increased its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 10.7% in the 2nd quarter. Occidental Asset Management LLC now owns 20,700 shares of the company’s stock valued at $416,000 after acquiring an additional 2,000 shares during the period.

First Trust Ultra Short Duration Municipal ETF Stock Up 0.1%

FUMB stock traded up $0.02 during midday trading on Thursday, reaching $20.13. 39,169 shares of the company were exchanged, compared to its average volume of 130,533. First Trust Ultra Short Duration Municipal ETF has a 1-year low of $19.91 and a 1-year high of $20.72. The stock’s 50-day simple moving average is $20.08 and its 200 day simple moving average is $20.10.

First Trust Ultra Short Duration Municipal ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 21st were given a $0.046 dividend. The ex-dividend date of this dividend was Friday, November 21st. This represents a c) dividend on an annualized basis and a yield of 2.7%.

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. FUMB was launched on Nov 1, 2018 and is managed by First Trust.