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

First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) saw a large decline in short interest in February. As of February 27th, there was short interest totaling 1,686 shares, a decline of 89.8% from the February 12th total of 16,543 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 39,942 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 39,942 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

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

Institutional investors have recently modified their holdings of the business. WealthBridge Capital Management LLC boosted its stake in First Trust Ultra Short Duration Municipal ETF by 2.0% in the fourth quarter. WealthBridge Capital Management LLC now owns 44,253 shares of the company’s stock valued at $888,000 after buying an additional 848 shares in the last quarter. Advyzon Investment Management LLC lifted its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 6.3% in the fourth quarter. Advyzon Investment Management LLC now owns 14,402 shares of the company’s stock worth $289,000 after acquiring an additional 850 shares during the last quarter. Prospera Financial Services Inc boosted its stake in shares of First Trust Ultra Short Duration Municipal ETF by 2.5% in the 4th quarter. Prospera Financial Services Inc now owns 39,578 shares of the company’s stock valued at $794,000 after purchasing an additional 951 shares in the last quarter. J.W. Cole Advisors Inc. boosted its stake in shares of First Trust Ultra Short Duration Municipal ETF by 0.9% in the 4th quarter. J.W. Cole Advisors Inc. now owns 145,301 shares of the company’s stock valued at $2,915,000 after purchasing an additional 1,339 shares in the last quarter. Finally, Stifel Financial Corp grew its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 2.0% during the 4th quarter. Stifel Financial Corp now owns 68,101 shares of the company’s stock valued at $1,366,000 after purchasing an additional 1,353 shares during the last quarter.

First Trust Ultra Short Duration Municipal ETF Stock Performance

Shares of NYSEARCA FUMB traded down $0.01 during trading hours on Thursday, hitting $20.11. 22,129 shares of the stock were exchanged, compared to its average volume of 91,125. The company’s fifty day simple moving average is $20.11 and its two-hundred day simple moving average is $20.10. First Trust Ultra Short Duration Municipal ETF has a 1-year low of $19.91 and a 1-year high of $20.72.

First Trust Ultra Short Duration Municipal ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were issued a $0.046 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, February 20th.

First Trust Ultra Short Duration Municipal ETF Company Profile

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.