First Trust Managed Municipal ETF (NASDAQ:FMB) Short Interest Up 654.1% in March

First Trust Managed Municipal ETF (NASDAQ:FMB) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 64,100 shares, a growth of 654.1% from the February 28th total of 8,500 shares. Based on an average daily volume of 205,500 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Trading of First Trust Managed Municipal ETF

Several institutional investors have recently made changes to their positions in FMB. Tucker Asset Management LLC boosted its position in First Trust Managed Municipal ETF by 933.3% during the fourth quarter. Tucker Asset Management LLC now owns 589 shares of the company’s stock valued at $30,000 after purchasing an additional 532 shares during the last quarter. Duncker Streett & Co. Inc. bought a new stake in First Trust Managed Municipal ETF during the fourth quarter worth approximately $108,000. Pinnacle Bancorp Inc. grew its stake in First Trust Managed Municipal ETF by 152.9% in the 4th quarter. Pinnacle Bancorp Inc. now owns 2,150 shares of the company’s stock valued at $110,000 after buying an additional 1,300 shares during the last quarter. Fifth Third Bancorp grew its position in shares of First Trust Managed Municipal ETF by 177.8% in the fourth quarter. Fifth Third Bancorp now owns 2,778 shares of the company’s stock valued at $142,000 after purchasing an additional 1,778 shares during the last quarter. Finally, TrueWealth Advisors LLC acquired a new stake in First Trust Managed Municipal ETF in the 4th quarter valued at approximately $207,000.

First Trust Managed Municipal ETF Trading Up 0.4 %

NASDAQ FMB traded up $0.21 on Friday, hitting $50.38. 245,722 shares of the stock were exchanged, compared to its average volume of 167,691. The company’s 50-day moving average price is $51.05 and its two-hundred day moving average price is $51.31. First Trust Managed Municipal ETF has a 52-week low of $48.10 and a 52-week high of $52.13.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be paid a $0.14 dividend. The ex-dividend date is Thursday, March 27th.

First Trust Managed Municipal ETF Company Profile

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.