First Trust Municipal High Income ETF (NASDAQ:FMHI) Sees Large Drop in Short Interest

First Trust Municipal High Income ETF (NASDAQ:FMHI) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 42,571 shares, a decrease of 69.2% from the July 15th total of 138,409 shares. Based on an average trading volume of 100,975 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Trading of First Trust Municipal High Income ETF

Large investors have recently bought and sold shares of the business. Glen Eagle Advisors LLC acquired a new position in shares of First Trust Municipal High Income ETF in the 1st quarter valued at about $91,000. Camelot Portfolios LLC acquired a new stake in First Trust Municipal High Income ETF during the fourth quarter worth approximately $96,000. Parallel Advisors LLC acquired a new stake in First Trust Municipal High Income ETF during the first quarter worth approximately $161,000. Western Wealth Management LLC bought a new stake in First Trust Municipal High Income ETF in the first quarter worth approximately $162,000. Finally, FSB Premier Wealth Management Inc. lifted its stake in First Trust Municipal High Income ETF by 14.2% in the fourth quarter. FSB Premier Wealth Management Inc. now owns 4,888 shares of the company’s stock valued at $234,000 after buying an additional 608 shares during the period.

First Trust Municipal High Income ETF Stock Down 0.3%

First Trust Municipal High Income ETF stock traded down $0.12 during mid-day trading on Friday, hitting $47.86. 32,311 shares of the stock were exchanged, compared to its average volume of 110,457. First Trust Municipal High Income ETF has a 12 month low of $45.94 and a 12 month high of $48.73. The firm’s fifty day simple moving average is $48.17 and its two-hundred day simple moving average is $48.11.

First Trust Municipal High Income ETF Announces Dividend

The company also recently announced a dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 21st were issued a $0.177 dividend. The ex-dividend date was Tuesday, July 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.