First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) Short Interest Up 155.8% in August

First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) was the target of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 28,394 shares, an increase of 155.8% from the July 30th total of 11,100 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 107,738 shares, the short-interest ratio is currently 0.3 days.

First Trust Short Duration Managed Municipal ETF Stock Performance

Shares of NYSEARCA FSMB opened at $19.87 on Friday. First Trust Short Duration Managed Municipal ETF has a 1 year low of $19.80 and a 1 year high of $20.25. The firm’s 50 day moving average price is $19.95 and its 200 day moving average price is $20.01.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. XML Financial LLC acquired a new stake in shares of First Trust Short Duration Managed Municipal ETF during the second quarter worth $10,381,000. Cetera Investment Advisers lifted its position in First Trust Short Duration Managed Municipal ETF by 157.3% during the first quarter. Cetera Investment Advisers now owns 551,996 shares of the company’s stock worth $11,018,000 after buying an additional 337,466 shares during the period. TrueWealth Financial Partners purchased a new position in First Trust Short Duration Managed Municipal ETF during the fourth quarter worth about $4,044,000. Gateway Wealth Partners LLC boosted its stake in First Trust Short Duration Managed Municipal ETF by 102.7% in the 1st quarter. Gateway Wealth Partners LLC now owns 234,040 shares of the company’s stock worth $4,671,000 after buying an additional 118,592 shares during the last quarter. Finally, MGO One Seven LLC acquired a new stake in First Trust Short Duration Managed Municipal ETF in the 4th quarter worth about $1,772,000.

First Trust Short Duration Managed Municipal ETF Company Profile

The First Trust Short Duration Managed Municipal ETF (FSMB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of US municipal debt with a targeted portfolio duration of 1 to 3 years. The fund seeks tax-exempt income and capital preservation. FSMB was launched on Nov 1, 2018 and is managed by First Trust.