First Trust Municipal High Income ETF (NASDAQ:FMHI – Get Free Report) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totalling 4,600 shares, a drop of 77.8% from the June 30th total of 20,700 shares. Based on an average trading volume of 51,400 shares, the days-to-cover ratio is presently 0.1 days.
First Trust Municipal High Income ETF Stock Performance
FMHI stock traded up $0.13 during mid-day trading on Thursday, hitting $48.64. 41,143 shares of the company were exchanged, compared to its average volume of 61,954. The firm’s 50 day simple moving average is $48.33 and its 200 day simple moving average is $48.01. First Trust Municipal High Income ETF has a 1-year low of $43.88 and a 1-year high of $49.32.
First Trust Municipal High Income ETF Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Tuesday, July 23rd will be issued a dividend of $0.163 per share. The ex-dividend date is Tuesday, July 23rd. This represents a $1.96 annualized dividend and a yield of 4.02%.
Institutional Trading of First Trust Municipal High Income ETF
About First Trust Municipal High Income ETF
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.
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