First Trust Managed Municipal ETF (NASDAQ:FMB – Get Free Report) was the recipient of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 105,400 shares, an increase of 52.8% from the March 31st total of 69,000 shares. Based on an average daily trading volume, of 157,700 shares, the short-interest ratio is currently 0.7 days.
Institutional Trading of First Trust Managed Municipal ETF
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. RFG Advisory LLC raised its stake in shares of First Trust Managed Municipal ETF by 916.2% during the 4th quarter. RFG Advisory LLC now owns 194,688 shares of the company’s stock worth $10,058,000 after acquiring an additional 175,530 shares in the last quarter. Stock Yards Bank & Trust Co. grew its holdings in First Trust Managed Municipal ETF by 37.7% in the fourth quarter. Stock Yards Bank & Trust Co. now owns 40,557 shares of the company’s stock worth $2,095,000 after purchasing an additional 11,110 shares during the last quarter. Grant GrossMendelsohn LLC grew its stake in First Trust Managed Municipal ETF by 2.5% during the 4th quarter. Grant GrossMendelsohn LLC now owns 30,646 shares of the company’s stock worth $1,568,000 after buying an additional 745 shares during the last quarter. Frisch Financial Group Inc. increased its position in First Trust Managed Municipal ETF by 2.4% during the 3rd quarter. Frisch Financial Group Inc. now owns 245,074 shares of the company’s stock valued at $11,979,000 after buying an additional 5,650 shares in the last quarter. Finally, Insight Wealth Strategies LLC raised its stake in First Trust Managed Municipal ETF by 6.8% in the fourth quarter. Insight Wealth Strategies LLC now owns 32,348 shares of the company’s stock valued at $1,671,000 after buying an additional 2,055 shares during the last quarter.
First Trust Managed Municipal ETF Stock Up 0.0 %
First Trust Managed Municipal ETF stock traded up $0.02 during midday trading on Friday, hitting $50.71. 116,027 shares of the company’s stock were exchanged, compared to its average volume of 164,061. First Trust Managed Municipal ETF has a 12 month low of $48.08 and a 12 month high of $51.77. The firm has a 50-day moving average of $51.27 and a two-hundred day moving average of $50.75.
First Trust Managed Municipal ETF Announces Dividend
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.
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