First Trust Managed Municipal ETF (NASDAQ:FMB) Short Interest Up 33.4% in February

First Trust Managed Municipal ETF (NASDAQ:FMB) saw a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 51,500 shares, a growth of 33.4% from the January 31st total of 38,600 shares. Based on an average trading volume of 214,400 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FMB. Stephens Inc. AR increased its stake in First Trust Managed Municipal ETF by 17.2% during the third quarter. Stephens Inc. AR now owns 37,475 shares of the company’s stock valued at $1,947,000 after acquiring an additional 5,500 shares during the period. Gladstone Institutional Advisory LLC increased its position in shares of First Trust Managed Municipal ETF by 11.4% during the third quarter. Gladstone Institutional Advisory LLC now owns 10,083 shares of the company’s stock valued at $524,000 after purchasing an additional 1,032 shares during the period. Farther Finance Advisors LLC raised its stake in shares of First Trust Managed Municipal ETF by 316.1% in the third quarter. Farther Finance Advisors LLC now owns 8,314 shares of the company’s stock valued at $432,000 after purchasing an additional 6,316 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of First Trust Managed Municipal ETF by 5.7% in the third quarter. Janney Montgomery Scott LLC now owns 268,011 shares of the company’s stock valued at $13,926,000 after purchasing an additional 14,525 shares in the last quarter. Finally, Landmark Wealth Management LLC boosted its stake in First Trust Managed Municipal ETF by 1.8% during the third quarter. Landmark Wealth Management LLC now owns 66,005 shares of the company’s stock worth $3,430,000 after buying an additional 1,166 shares in the last quarter.

First Trust Managed Municipal ETF Trading Down 0.2 %

Shares of First Trust Managed Municipal ETF stock traded down $0.11 during midday trading on Tuesday, hitting $51.34. The company had a trading volume of 42,531 shares, compared to its average volume of 196,127. First Trust Managed Municipal ETF has a 1-year low of $48.10 and a 1-year high of $52.13. The business’s 50 day simple moving average is $51.05 and its two-hundred day simple moving average is $51.40.

First Trust Managed Municipal ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given a $0.14 dividend. The ex-dividend date was Friday, February 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.