First Trust Municipal High Income ETF (NASDAQ:FMHI) Short Interest Update

First Trust Municipal High Income ETF (NASDAQ:FMHI) was the recipient of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 92,077 shares, a growth of 119.8% from the January 15th total of 41,889 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average trading volume of 129,223 shares, the short-interest ratio is currently 0.7 days. Based on an average trading volume of 129,223 shares, the short-interest ratio is currently 0.7 days. Approximately 0.5% of the shares of the company are sold short.

Hedge Funds Weigh In On First Trust Municipal High Income ETF

Large investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of First Trust Municipal High Income ETF by 3.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,604,484 shares of the company’s stock valued at $76,993,000 after acquiring an additional 51,738 shares in the last quarter. LPL Financial LLC lifted its position in First Trust Municipal High Income ETF by 12.5% in the fourth quarter. LPL Financial LLC now owns 1,167,716 shares of the company’s stock valued at $55,974,000 after purchasing an additional 129,684 shares during the period. Meeder Advisory Services Inc. boosted its holdings in First Trust Municipal High Income ETF by 8.6% in the 4th quarter. Meeder Advisory Services Inc. now owns 488,345 shares of the company’s stock valued at $23,409,000 after purchasing an additional 38,690 shares in the last quarter. Citigroup Inc. increased its position in First Trust Municipal High Income ETF by 6.6% during the 3rd quarter. Citigroup Inc. now owns 424,426 shares of the company’s stock worth $20,164,000 after purchasing an additional 26,438 shares during the period. Finally, UBS Group AG increased its position in First Trust Municipal High Income ETF by 10.3% during the 4th quarter. UBS Group AG now owns 324,495 shares of the company’s stock worth $15,554,000 after purchasing an additional 30,404 shares during the period.

First Trust Municipal High Income ETF Stock Up 0.1%

First Trust Municipal High Income ETF stock traded up $0.07 during mid-day trading on Thursday, reaching $48.39. 211,785 shares of the company were exchanged, compared to its average volume of 130,248. The firm’s 50-day simple moving average is $48.00 and its two-hundred day simple moving average is $47.57. First Trust Municipal High Income ETF has a twelve month low of $44.80 and a twelve month high of $49.05.

First Trust Municipal High Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, January 21st were issued a dividend of $0.174 per share. This is a boost from First Trust Municipal High Income ETF’s previous monthly dividend of $0.17. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Wednesday, January 21st.

First Trust Municipal High Income ETF Company Profile

The First Trust Municipal High Income ETF (FMHI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that holds a broad range of US municipal bonds. FMHI was launched on Nov 1, 2017 and is managed by First Trust.