First Trust Managed Municipal ETF (NASDAQ:FMB) Sees Significant Decrease in Short Interest

First Trust Managed Municipal ETF (NASDAQ:FMB) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 16,794 shares, a decline of 70.0% from the July 15th total of 56,048 shares. Based on an average daily trading volume, of 174,598 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Investors Weigh In On First Trust Managed Municipal ETF

Several large investors have recently made changes to their positions in FMB. Pursuit Wealth Management LLC acquired a new position in First Trust Managed Municipal ETF in the 4th quarter valued at about $1,382,000. True Blue Financial LLC lifted its position in First Trust Managed Municipal ETF by 8.7% during the first quarter. True Blue Financial LLC now owns 269,428 shares of the company’s stock worth $13,649,000 after acquiring an additional 21,459 shares during the last quarter. UBS Group AG lifted its position in First Trust Managed Municipal ETF by 2.1% during the fourth quarter. UBS Group AG now owns 1,836,968 shares of the company’s stock worth $93,933,000 after acquiring an additional 38,553 shares during the last quarter. Mutual Advisors LLC boosted its holdings in shares of First Trust Managed Municipal ETF by 75.3% during the fourth quarter. Mutual Advisors LLC now owns 60,897 shares of the company’s stock worth $3,114,000 after acquiring an additional 26,163 shares during the period. Finally, Hilton Head Capital Partners LLC bought a new stake in shares of First Trust Managed Municipal ETF during the fourth quarter worth approximately $675,000.

First Trust Managed Municipal ETF Stock Performance

First Trust Managed Municipal ETF stock opened at $50.63 on Thursday. The firm has a 50-day moving average of $51.00 and a 200-day moving average of $51.16. First Trust Managed Municipal ETF has a one year low of $49.49 and a one year high of $52.03.

First Trust Managed Municipal ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 21st were issued a dividend of $0.157 per share. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date was Tuesday, July 21st.

First Trust Managed Municipal ETF Company Profile

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.