First Trust Municipal High Income ETF (NASDAQ:FMHI) Stock Short Interest Report for September

First Trust Municipal High Income ETF (NASDAQ:FMHI) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 251,367 shares, an increase of 609.8% from the September 15th total of 35,413 shares. Based on an average daily trading volume, of 265,473 shares, the days-to-cover ratio is currently 0.9 days. Currently, 1.1% of the shares of the company are short sold.

First Trust Municipal High Income ETF Stock Up 0.4%

FMHI traded up $0.19 on Friday, hitting $44.77. 692,016 shares of the company traded hands, compared to its average volume of 143,101. The company has a 50 day moving average of $46.55 and a 200-day moving average of $47.54. First Trust Municipal High Income ETF has a 12-month low of $44.34 and a 12-month high of $48.73.

First Trust Municipal High Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were paid a $0.1790 dividend. This is an increase from First Trust Municipal High Income ETF’s previous monthly dividend of $0.1780. The ex-dividend date was Thursday, September 24th. This represents a $2.15 annualized dividend and a dividend yield of 4.8%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of FMHI. Farther Finance Advisors LLC lifted its holdings in shares of First Trust Municipal High Income ETF by 225.1% during the third quarter. Farther Finance Advisors LLC now owns 8,731 shares of the company’s stock worth $392,000 after purchasing an additional 6,045 shares during the period. CoreCap Advisors LLC grew its position in First Trust Municipal High Income ETF by 11.5% in the 3rd quarter. CoreCap Advisors LLC now owns 7,455 shares of the company’s stock valued at $334,000 after buying an additional 768 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in First Trust Municipal High Income ETF by 10.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 93,322 shares of the company’s stock valued at $4,525,000 after buying an additional 8,621 shares during the period. Integrated Wealth Concepts LLC increased its stake in First Trust Municipal High Income ETF by 6.6% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 32,915 shares of the company’s stock valued at $1,596,000 after buying an additional 2,049 shares during the period. Finally, RFG Advisory LLC increased its stake in First Trust Municipal High Income ETF by 26.4% in the 2nd quarter. RFG Advisory LLC now owns 54,039 shares of the company’s stock valued at $2,620,000 after buying an additional 11,299 shares during the period.

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.