Short Interest in First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) Decreases By 37.5%

First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) saw a significant decrease in short interest in May. As of May 15th, there was short interest totaling 26,781 shares, a decrease of 37.5% from the April 30th total of 42,861 shares. Based on an average trading volume of 95,471 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are short sold.

First Trust Short Duration Managed Municipal ETF Price Performance

Shares of First Trust Short Duration Managed Municipal ETF stock opened at $20.00 on Wednesday. The company’s fifty day moving average is $19.98 and its two-hundred day moving average is $20.06. First Trust Short Duration Managed Municipal ETF has a 1 year low of $19.81 and a 1 year high of $20.25.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FSMB. Morgan Stanley increased its holdings in First Trust Short Duration Managed Municipal ETF by 0.4% in the fourth quarter. Morgan Stanley now owns 4,412,903 shares of the company’s stock valued at $88,457,000 after buying an additional 16,783 shares in the last quarter. Raymond James Financial Inc. increased its holdings in First Trust Short Duration Managed Municipal ETF by 3.1% in the second quarter. Raymond James Financial Inc. now owns 1,751,968 shares of the company’s stock valued at $34,873,000 after buying an additional 53,489 shares in the last quarter. Corient Private Wealth LLC increased its holdings in First Trust Short Duration Managed Municipal ETF by 3.0% in the fourth quarter. Corient Private Wealth LLC now owns 1,225,195 shares of the company’s stock valued at $24,559,000 after buying an additional 35,272 shares in the last quarter. RMR Wealth Builders increased its holdings in First Trust Short Duration Managed Municipal ETF by 8.4% in the fourth quarter. RMR Wealth Builders now owns 1,023,222 shares of the company’s stock valued at $20,510,000 after buying an additional 79,371 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in First Trust Short Duration Managed Municipal ETF by 5.5% in the fourth quarter. HighTower Advisors LLC now owns 880,016 shares of the company’s stock valued at $17,640,000 after buying an additional 46,213 shares in the last quarter.

About First Trust Short Duration Managed Municipal ETF

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.