First Trust Municipal High Income ETF (NASDAQ:FMHI) Short Interest Up 178.7% in December

First Trust Municipal High Income ETF (NASDAQ:FMHI) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 27,088 shares, an increase of 178.7% from the November 30th total of 9,721 shares. Based on an average daily volume of 95,867 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 95,867 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On First Trust Municipal High Income ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. acquired a new stake in First Trust Municipal High Income ETF during the second quarter worth about $27,000. Farther Finance Advisors LLC grew its holdings in shares of First Trust Municipal High Income ETF by 21.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,207 shares of the company’s stock worth $57,000 after purchasing an additional 212 shares during the period. Hughes Financial Services LLC increased its position in First Trust Municipal High Income ETF by 25.7% during the 3rd quarter. Hughes Financial Services LLC now owns 3,074 shares of the company’s stock worth $148,000 after purchasing an additional 629 shares in the last quarter. Clear Creek Financial Management LLC purchased a new position in First Trust Municipal High Income ETF in the third quarter valued at approximately $200,000. Finally, Invictus Private Wealth LLC purchased a new position in First Trust Municipal High Income ETF in the second quarter valued at approximately $218,000.

First Trust Municipal High Income ETF Stock Down 0.0%

NASDAQ:FMHI opened at $47.84 on Friday. First Trust Municipal High Income ETF has a fifty-two week low of $44.80 and a fifty-two week high of $49.05. The firm’s 50 day moving average is $47.95 and its two-hundred day moving average is $47.21.

First Trust Municipal High Income ETF Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 12th will be given a $0.169 dividend. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, December 12th.

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.