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

First Trust Municipal High Income ETF (NASDAQ:FMHI) was the recipient of a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 16,500 shares, a decline of 57.0% from the November 15th total of 38,400 shares. Based on an average daily trading volume, of 85,600 shares, the days-to-cover ratio is currently 0.2 days.

First Trust Municipal High Income ETF Stock Performance

Shares of FMHI stock traded down $0.08 on Wednesday, hitting $49.19. 73,856 shares of the stock traded hands, compared to its average volume of 70,660. The company’s fifty day moving average is $48.94 and its 200 day moving average is $48.84. First Trust Municipal High Income ETF has a 1-year low of $46.77 and a 1-year high of $49.51.

First Trust Municipal High Income ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 21st were given a $0.163 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.98%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Great Valley Advisor Group Inc. grew its position in shares of First Trust Municipal High Income ETF by 1.1% during the third quarter. Great Valley Advisor Group Inc. now owns 19,639 shares of the company’s stock worth $970,000 after acquiring an additional 209 shares during the last quarter. WealthCare Investment Partners LLC grew its position in First Trust Municipal High Income ETF by 2.3% in the 3rd quarter. WealthCare Investment Partners LLC now owns 10,715 shares of the company’s stock worth $526,000 after purchasing an additional 242 shares during the last quarter. Truist Financial Corp increased its stake in shares of First Trust Municipal High Income ETF by 1.8% in the second quarter. Truist Financial Corp now owns 13,605 shares of the company’s stock valued at $657,000 after purchasing an additional 243 shares during the period. Integrated Wealth Concepts LLC raised its holdings in shares of First Trust Municipal High Income ETF by 3.4% during the third quarter. Integrated Wealth Concepts LLC now owns 9,063 shares of the company’s stock valued at $448,000 after buying an additional 302 shares during the last quarter. Finally, ShoreHaven Wealth Partners LLC boosted its position in shares of First Trust Municipal High Income ETF by 1.4% during the second quarter. ShoreHaven Wealth Partners LLC now owns 30,477 shares of the company’s stock worth $1,473,000 after buying an additional 428 shares during the period.

First Trust Municipal High Income ETF Company Profile

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.