First Trust Managed Municipal ETF (NASDAQ:FMB) Short Interest Update

First Trust Managed Municipal ETF (NASDAQ:FMB) was the target of a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 12,600 shares, a drop of 91.9% from the October 31st total of 154,800 shares. Based on an average trading volume of 160,500 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FMB. DHJJ Financial Advisors Ltd. increased its holdings in shares of First Trust Managed Municipal ETF by 119.4% in the second quarter. DHJJ Financial Advisors Ltd. now owns 790 shares of the company’s stock valued at $40,000 after buying an additional 430 shares in the last quarter. Fifth Third Bancorp acquired a new position in shares of First Trust Managed Municipal ETF in the 2nd quarter valued at $51,000. IAG Wealth Partners LLC purchased a new position in First Trust Managed Municipal ETF in the 2nd quarter worth about $53,000. WR Wealth Planners LLC acquired a new stake in First Trust Managed Municipal ETF during the 2nd quarter worth about $56,000. Finally, International Assets Investment Management LLC purchased a new stake in First Trust Managed Municipal ETF during the second quarter valued at about $112,000.

First Trust Managed Municipal ETF Stock Performance

FMB traded up $0.11 during trading on Wednesday, reaching $51.66. The stock had a trading volume of 143,542 shares, compared to its average volume of 154,945. The stock has a 50 day moving average of $51.55 and a two-hundred day moving average of $51.43. First Trust Managed Municipal ETF has a 1-year low of $48.10 and a 1-year high of $52.13.

First Trust Managed Municipal ETF Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be issued a $0.139 dividend. The ex-dividend date is Thursday, November 21st.

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.