First Trust Municipal High Income ETF (NASDAQ:FMHI) Short Interest Up 263.4% in August

First Trust Municipal High Income ETF (NASDAQ:FMHI) was the target of a significant increase in short interest in the month of August. As of August 15th, there was short interest totaling 25,800 shares, anincreaseof263.4% from the July 31st total of 7,100 shares. Based on an average daily volume of 88,200 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 88,200 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On First Trust Municipal High Income ETF

Several hedge funds have recently bought and sold shares of the company. Evolution Wealth Management Inc. bought a new position in shares of First Trust Municipal High Income ETF during the second quarter worth $27,000. Capital Analysts LLC raised its stake in First Trust Municipal High Income ETF by 12,025.0% during the 1st quarter. Capital Analysts LLC now owns 1,455 shares of the company’s stock worth $70,000 after buying an additional 1,443 shares during the period. Invictus Private Wealth LLC bought a new position in First Trust Municipal High Income ETF during the second quarter worth about $218,000. Total Clarity Wealth Management Inc. acquired a new position in First Trust Municipal High Income ETF in the second quarter valued at about $234,000. Finally, Stratos Wealth Partners LTD. grew its stake in First Trust Municipal High Income ETF by 17.7% in the second quarter. Stratos Wealth Partners LTD. now owns 5,195 shares of the company’s stock valued at $243,000 after acquiring an additional 780 shares during the period.

First Trust Municipal High Income ETF Price Performance

NASDAQ:FMHI opened at $46.29 on Thursday. First Trust Municipal High Income ETF has a 1-year low of $44.80 and a 1-year high of $49.51. The business’s 50-day moving average price is $46.34 and its two-hundred day moving average price is $46.93.

First Trust Municipal High Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, August 29th. Investors of record on Thursday, August 21st were paid a dividend of $0.167 per share. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Thursday, August 21st. This is a positive change from First Trust Municipal High Income ETF’s previous monthly dividend of $0.17.

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.