First Trust Municipal High Income ETF (NASDAQ:FMHI) Short Interest Update

First Trust Municipal High Income ETF (NASDAQ:FMHI) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 74,900 shares, an increase of 353.9% from the November 30th total of 16,500 shares. Based on an average daily volume of 89,400 shares, the days-to-cover ratio is currently 0.8 days.

Hedge Funds Weigh In On First Trust Municipal High Income ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rothschild Investment LLC purchased a new position in First Trust Municipal High Income ETF during the 2nd quarter valued at approximately $30,000. Larson Financial Group LLC bought a new stake in First Trust Municipal High Income ETF in the third quarter worth $92,000. Farmers & Merchants Investments Inc. purchased a new stake in First Trust Municipal High Income ETF during the third quarter valued at $109,000. International Assets Investment Management LLC purchased a new stake in First Trust Municipal High Income ETF during the second quarter valued at $184,000. Finally, Mach 1 Financial Group LLC bought a new position in First Trust Municipal High Income ETF during the third quarter valued at $204,000.

First Trust Municipal High Income ETF Stock Down 0.1 %

Shares of FMHI stock traded down $0.05 on Friday, hitting $48.03. 79,391 shares of the stock traded hands, compared to its average volume of 72,254. The firm has a 50 day simple moving average of $48.73 and a two-hundred day simple moving average of $48.87. First Trust Municipal High Income ETF has a 52 week low of $47.14 and a 52 week high of $49.51.

First Trust Municipal High Income ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.163 per share. This represents a $1.96 annualized dividend and a dividend yield of 4.07%. The ex-dividend date of this dividend is Friday, December 13th.

About First Trust Municipal High Income ETF

The First Trust Municipal High Income ETF (FMHI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that holds a broad range of US municipal bonds. FMHI was launched on Nov 1, 2017 and is managed by First Trust.