First Trust Managed Municipal ETF (NASDAQ:FMB) Short Interest Up 654.1% in March

First Trust Managed Municipal ETF (NASDAQ:FMB) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 64,100 shares, a growth of 654.1% from the February 28th total of 8,500 shares. Based on an average trading volume of 205,500 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the company are short sold.

First Trust Managed Municipal ETF Price Performance

NASDAQ FMB traded down $0.27 during trading on Thursday, hitting $50.18. 66,723 shares of the company’s stock traded hands, compared to its average volume of 166,822. First Trust Managed Municipal ETF has a 12-month low of $48.10 and a 12-month high of $52.13. The business has a 50 day moving average of $51.06 and a 200-day moving average of $51.32.

First Trust Managed Municipal ETF Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. ABLE Financial Group LLC increased its stake in First Trust Managed Municipal ETF by 36.4% in the fourth quarter. ABLE Financial Group LLC now owns 72,264 shares of the company’s stock valued at $3,686,000 after acquiring an additional 19,269 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of First Trust Managed Municipal ETF in the 4th quarter valued at $2,095,000. Armis Advisers LLC bought a new position in shares of First Trust Managed Municipal ETF during the 4th quarter valued at $484,000. Elequin Capital LP lifted its stake in First Trust Managed Municipal ETF by 157.3% in the fourth quarter. Elequin Capital LP now owns 6,968 shares of the company’s stock worth $355,000 after purchasing an additional 4,260 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC grew its stake in shares of First Trust Managed Municipal ETF by 620.3% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 150,146 shares of the company’s stock valued at $7,659,000 after buying an additional 129,301 shares during the last quarter.

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.