First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) Short Interest Update

First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) was the recipient of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 158,351 shares, an increase of 17.6% from the February 12th total of 134,708 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 220,133 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily volume of 220,133 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.6% of the company’s stock are short sold.

Institutional Trading of First Trust Short Duration Managed Municipal ETF

Several hedge funds have recently modified their holdings of the company. Occidental Asset Management LLC lifted its stake in First Trust Short Duration Managed Municipal ETF by 1.1% in the fourth quarter. Occidental Asset Management LLC now owns 46,036 shares of the company’s stock worth $923,000 after purchasing an additional 500 shares during the last quarter. Summit Wealth Partners LLC increased its stake in First Trust Short Duration Managed Municipal ETF by 2.2% during the 3rd quarter. Summit Wealth Partners LLC now owns 23,394 shares of the company’s stock valued at $470,000 after purchasing an additional 510 shares in the last quarter. Sowell Financial Services LLC raised its position in First Trust Short Duration Managed Municipal ETF by 0.4% during the 3rd quarter. Sowell Financial Services LLC now owns 117,734 shares of the company’s stock worth $2,364,000 after buying an additional 514 shares during the last quarter. Capital Investment Advisory Services LLC boosted its position in First Trust Short Duration Managed Municipal ETF by 3.2% in the 4th quarter. Capital Investment Advisory Services LLC now owns 19,729 shares of the company’s stock worth $395,000 after purchasing an additional 612 shares in the last quarter. Finally, Arbor Capital Management Inc. ADV boosted its position in First Trust Short Duration Managed Municipal ETF by 2.0% during the third quarter. Arbor Capital Management Inc. ADV now owns 37,182 shares of the company’s stock worth $747,000 after purchasing an additional 746 shares in the last quarter.

First Trust Short Duration Managed Municipal ETF Trading Down 0.0%

NYSEARCA:FSMB traded down $0.01 on Monday, hitting $20.12. The stock had a trading volume of 120,163 shares, compared to its average volume of 175,279. The business’s 50-day simple moving average is $20.15 and its two-hundred day simple moving average is $20.10. First Trust Short Duration Managed Municipal ETF has a 52-week low of $19.47 and a 52-week high of $20.25.

First Trust Short Duration Managed Municipal ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were paid a $0.053 dividend. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date was Friday, February 20th.

First Trust Short Duration Managed Municipal ETF Company Profile

The First Trust Short Duration Managed Municipal ETF (FSMB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of US municipal debt with a targeted portfolio duration of 1 to 3 years. The fund seeks tax-exempt income and capital preservation. FSMB was launched on Nov 1, 2018 and is managed by First Trust.