First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) Short Interest Up 478.7% in December

First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 30,549 shares, an increase of 478.7% from the November 30th total of 5,279 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 50,599 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 50,599 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Investors Weigh In On First Trust Ultra Short Duration Municipal ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Newbridge Financial Services Group Inc. acquired a new stake in shares of First Trust Ultra Short Duration Municipal ETF during the 2nd quarter valued at about $29,000. Advisory Services Network LLC bought a new stake in First Trust Ultra Short Duration Municipal ETF in the third quarter worth approximately $77,000. Ameritas Advisory Services LLC bought a new stake in First Trust Ultra Short Duration Municipal ETF in the second quarter worth approximately $83,000. AE Wealth Management LLC acquired a new position in shares of First Trust Ultra Short Duration Municipal ETF during the 3rd quarter worth $103,000. Finally, Mattern Wealth Management LLC bought a new position in shares of First Trust Ultra Short Duration Municipal ETF during the 2nd quarter valued at $200,000.

First Trust Ultra Short Duration Municipal ETF Trading Up 0.0%

FUMB stock opened at $20.08 on Thursday. The company has a 50 day moving average of $20.07 and a two-hundred day moving average of $20.11. First Trust Ultra Short Duration Municipal ETF has a 12-month low of $19.91 and a 12-month high of $20.72.

First Trust Ultra Short Duration Municipal ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 21st were given a dividend of $0.046 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a c) dividend on an annualized basis and a yield of 2.7%.

First Trust Ultra Short Duration Municipal ETF Company Profile

The First Trust Ultra Short Duration Municipal ETF (FUMB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund of US municipal debt with a targeted portfolio duration of less than one year. The fund seeks tax-exempt income and capital preservation. FUMB was launched on Nov 1, 2018 and is managed by First Trust.