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

First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) saw a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 13,171 shares, a decrease of 48.3% from the May 14th total of 25,477 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 119,514 shares, the short-interest ratio is currently 0.1 days.

First Trust Ultra Short Duration Municipal ETF Price Performance

Shares of FUMB remained flat at $20.08 during trading hours on Friday. The stock had a trading volume of 15,351 shares, compared to its average volume of 93,267. First Trust Ultra Short Duration Municipal ETF has a one year low of $20.01 and a one year high of $20.72. The firm has a fifty day moving average of $20.06 and a 200 day moving average of $20.08.

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

Hedge funds have recently added to or reduced their stakes in the company. Uniting Wealth Partners LLC acquired a new position in First Trust Ultra Short Duration Municipal ETF during the third quarter valued at approximately $833,000. Envestnet Asset Management Inc. grew its holdings in First Trust Ultra Short Duration Municipal ETF by 85.3% during the third quarter. Envestnet Asset Management Inc. now owns 105,247 shares of the company’s stock valued at $2,115,000 after purchasing an additional 48,440 shares during the last quarter. Security Financial Services INC. acquired a new position in First Trust Ultra Short Duration Municipal ETF during the fourth quarter valued at approximately $547,000. JPMorgan Chase & Co. grew its holdings in First Trust Ultra Short Duration Municipal ETF by 43.6% during the third quarter. JPMorgan Chase & Co. now owns 199,330 shares of the company’s stock valued at $4,007,000 after purchasing an additional 60,500 shares during the last quarter. Finally, Concurrent Investment Advisors LLC acquired a new position in First Trust Ultra Short Duration Municipal ETF during the fourth quarter valued at approximately $523,000.

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.