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

First Trust Municipal High Income ETF (NASDAQ:FMHI) was the target of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 14,500 shares, a decline of 54.5% from the February 13th total of 31,900 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 87,800 shares, the days-to-cover ratio is presently 0.2 days.

First Trust Municipal High Income ETF Stock Performance

NASDAQ:FMHI opened at $48.18 on Friday. First Trust Municipal High Income ETF has a 12-month low of $47.33 and a 12-month high of $49.51. The business has a 50 day simple moving average of $48.43 and a 200 day simple moving average of $48.75.

First Trust Municipal High Income ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given a dividend of $0.163 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.96 dividend on an annualized basis and a yield of 4.06%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FMHI. Creative Financial Designs Inc. ADV boosted its position in First Trust Municipal High Income ETF by 187.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 868 shares of the company’s stock worth $42,000 after acquiring an additional 566 shares during the period. Coppell Advisory Solutions LLC boosted its position in First Trust Municipal High Income ETF by 180.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 1,293 shares of the company’s stock worth $62,000 after acquiring an additional 832 shares during the period. Duncker Streett & Co. Inc. acquired a new position in First Trust Municipal High Income ETF during the 4th quarter worth $67,000. Larson Financial Group LLC acquired a new position in First Trust Municipal High Income ETF during the 3rd quarter worth $92,000. Finally, Synergy Investment Management LLC acquired a new position in First Trust Municipal High Income ETF during the 4th quarter worth $124,000.

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.