First Trust Municipal High Income ETF (NASDAQ:FMHI) Short Interest Up 381.3% in January

First Trust Municipal High Income ETF (NASDAQ:FMHI) was the recipient of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 69,300 shares, a growth of 381.3% from the January 15th total of 14,400 shares. Based on an average daily trading volume, of 96,500 shares, the short-interest ratio is presently 0.7 days.

Institutional Trading of First Trust Municipal High Income ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Creative Financial Designs Inc. ADV boosted its position in shares of First Trust Municipal High Income ETF by 187.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 868 shares of the company’s stock worth $42,000 after acquiring an additional 566 shares in the last quarter. Duncker Streett & Co. Inc. purchased a new stake in shares of First Trust Municipal High Income ETF in the fourth quarter valued at about $67,000. Larson Financial Group LLC acquired a new stake in shares of First Trust Municipal High Income ETF during the third quarter worth about $92,000. Farmers & Merchants Investments Inc. purchased a new position in shares of First Trust Municipal High Income ETF during the third quarter worth about $109,000. Finally, Synergy Investment Management LLC purchased a new stake in First Trust Municipal High Income ETF during the 4th quarter valued at approximately $124,000.

First Trust Municipal High Income ETF Stock Up 0.5 %

NASDAQ:FMHI traded up $0.22 during mid-day trading on Thursday, hitting $48.39. The stock had a trading volume of 4,364 shares, compared to its average volume of 89,618. First Trust Municipal High Income ETF has a twelve month low of $47.33 and a twelve month high of $49.51. The stock has a 50-day simple moving average of $48.42 and a two-hundred day simple moving average of $48.81.

First Trust Municipal High Income ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were paid a dividend of $0.163 per share. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.04%.

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.