First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) Shares Shorted: Short Interest Up 59.5% in September

First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 137,031 shares, an increase of 59.5% from the September 15th total of 85,925 shares. Based on an average daily volume of 254,863 shares, the short-interest ratio is presently 0.5 days. Approximately 0.4% of the company’s shares are sold short.

First Trust Short Duration Managed Municipal ETF Trading Up 0.0%

Shares of NYSEARCA:FSMB traded up $0.01 during midday trading on Friday, reaching $19.62. The company had a trading volume of 11,003 shares, compared to its average volume of 167,255. First Trust Short Duration Managed Municipal ETF has a 1-year low of $19.36 and a 1-year high of $20.25. The company has a fifty day simple moving average of $19.73 and a two-hundred day simple moving average of $19.89.

Institutional Trading of First Trust Short Duration Managed Municipal ETF

Hedge funds have recently bought and sold shares of the company. Corient Private Wealth LLC boosted its holdings in shares of 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 worth $24,559,000 after buying an additional 35,272 shares during the period. Waverly Advisors LLC purchased a new stake in shares of First Trust Short Duration Managed Municipal ETF in the 2nd quarter valued at approximately $14,032,000. Cetera Investment Advisers lifted its position in shares of First Trust Short Duration Managed Municipal ETF by 157.3% in the 1st quarter. Cetera Investment Advisers now owns 551,996 shares of the company’s stock valued at $11,018,000 after acquiring an additional 337,466 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of First Trust Short Duration Managed Municipal ETF by 8.9% in the 1st quarter. NewEdge Advisors LLC now owns 531,145 shares of the company’s stock valued at $10,602,000 after acquiring an additional 43,529 shares in the last quarter. Finally, XML Financial LLC acquired a new position in First Trust Short Duration Managed Municipal ETF in the 2nd quarter worth approximately $10,381,000.

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.