First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) Short Interest Down 64.3% in December

First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) saw a significant decline in short interest in December. As of December 15th, there was short interest totaling 15,390 shares, a decline of 64.3% from the November 30th total of 43,090 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 83,407 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 83,407 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

First Trust Short Duration Managed Municipal ETF Stock Performance

NYSEARCA FSMB traded up $0.02 during trading on Friday, hitting $20.04. 71,413 shares of the stock traded hands, compared to its average volume of 96,631. The firm has a 50-day simple moving average of $20.04 and a 200-day simple moving average of $20.02. First Trust Short Duration Managed Municipal ETF has a 12-month low of $19.47 and a 12-month high of $20.21.

First Trust Short Duration Managed Municipal ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 21st were given a dividend of $0.052 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Friday, November 21st.

Institutional Investors Weigh In On First Trust Short Duration Managed Municipal ETF

Large investors have recently bought and sold shares of the business. Hazlett Burt & Watson Inc. bought a new position in First Trust Short Duration Managed Municipal ETF during the third quarter valued at $26,000. Advisory Services Network LLC purchased a new stake in shares of First Trust Short Duration Managed Municipal ETF during the 3rd quarter valued at about $32,000. Evolution Wealth Management Inc. purchased a new stake in shares of First Trust Short Duration Managed Municipal ETF during the 2nd quarter valued at about $33,000. US Bancorp DE lifted its holdings in shares of First Trust Short Duration Managed Municipal ETF by 29.4% in the 3rd quarter. US Bancorp DE now owns 3,584 shares of the company’s stock valued at $72,000 after acquiring an additional 815 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in First Trust Short Duration Managed Municipal ETF by 29.7% in the second quarter. Farther Finance Advisors LLC now owns 5,154 shares of the company’s stock worth $103,000 after acquiring an additional 1,180 shares in the last quarter.

About First Trust Short Duration Managed Municipal ETF

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.