First Trust Managed Municipal ETF (NASDAQ:FMB) Stock Short Interest Report for September

First Trust Managed Municipal ETF (NASDAQ:FMB) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 15,626 shares, a growth of 581.2% from the September 15th total of 2,294 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 565,142 shares, the short-interest ratio is presently 0.0 days.

First Trust Managed Municipal ETF Stock Up 0.3%

Shares of FMB stock opened at $48.01 on Friday. First Trust Managed Municipal ETF has a 52 week low of $47.38 and a 52 week high of $52.03. The firm has a 50 day moving average of $49.42 and a 200-day moving average of $50.47.

First Trust Managed Municipal ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were paid a dividend of $0.1590 per share. This is a boost from First Trust Managed Municipal ETF’s previous monthly dividend of $0.1580. This represents a $1.91 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Thursday, September 24th.

Institutional Investors Weigh In On First Trust Managed Municipal ETF

A number of large investors have recently bought and sold shares of FMB. Bank of America Corp DE grew its stake in shares of First Trust Managed Municipal ETF by 12.2% in the 1st quarter. Bank of America Corp DE now owns 2,046,794 shares of the company’s stock valued at $103,691,000 after buying an additional 221,955 shares during the period. First Heartland Consultants Inc. acquired a new position in First Trust Managed Municipal ETF during the 3rd quarter worth approximately $8,478,000. Fifth Third Bancorp raised its stake in First Trust Managed Municipal ETF by 3,413.5% during the 1st quarter. Fifth Third Bancorp now owns 86,924 shares of the company’s stock worth $4,404,000 after buying an additional 84,450 shares during the period. NewEdge Advisors LLC boosted its holdings in First Trust Managed Municipal ETF by 16.1% in the second quarter. NewEdge Advisors LLC now owns 497,684 shares of the company’s stock worth $25,565,000 after acquiring an additional 68,875 shares in the last quarter. Finally, Arax Advisory Partners bought a new position in First Trust Managed Municipal ETF in the fourth quarter worth approximately $3,395,000.

About First Trust Managed Municipal ETF

The First Trust Managed Municipal ETF (FMB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests primarily in investment-grade municipal bonds, with some high-yield exposure. FMB was launched on May 13, 2014 and is managed by First Trust.