Short Interest in First Trust Municipal High Income ETF (NASDAQ:FMHI) Decreases By 35.7%

First Trust Municipal High Income ETF (NASDAQ:FMHI) was the target of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 11,012 shares, a drop of 35.7% from the April 15th total of 17,121 shares. Based on an average daily volume of 69,949 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

First Trust Municipal High Income ETF Price Performance

Shares of NASDAQ:FMHI opened at $47.81 on Tuesday. First Trust Municipal High Income ETF has a 1 year low of $45.83 and a 1 year high of $48.73. The stock’s fifty day moving average price is $47.97 and its 200-day moving average price is $48.04.

First Trust Municipal High Income ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, April 21st were paid a dividend of $0.175 per share. The ex-dividend date of this dividend was Tuesday, April 21st.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Glen Eagle Advisors LLC bought a new stake in First Trust Municipal High Income ETF during the 1st quarter valued at $91,000. Camelot Portfolios LLC bought a new position in shares of First Trust Municipal High Income ETF during the 4th quarter worth $96,000. Hughes Financial Services LLC increased its stake in shares of First Trust Municipal High Income ETF by 25.7% during the third quarter. Hughes Financial Services LLC now owns 3,074 shares of the company’s stock valued at $148,000 after buying an additional 629 shares during the period. Parallel Advisors LLC purchased a new position in shares of First Trust Municipal High Income ETF during the first quarter valued at $161,000. Finally, CoreCap Advisors LLC raised its holdings in shares of First Trust Municipal High Income ETF by 243.8% in the fourth quarter. CoreCap Advisors LLC now owns 3,792 shares of the company’s stock valued at $182,000 after acquiring an additional 2,689 shares in the last quarter.

First Trust Municipal High Income ETF Company Profile

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.