First Trust Municipal High Income ETF (NASDAQ:FMHI) Sees Large Decrease in Short Interest

First Trust Municipal High Income ETF (NASDAQ:FMHI) was the target of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 23,900 shares, a decrease of 68.1% from the December 15th total of 74,900 shares. Based on an average daily trading volume, of 92,500 shares, the days-to-cover ratio is presently 0.3 days.

First Trust Municipal High Income ETF Price Performance

Shares of FMHI stock traded down $0.08 during mid-day trading on Tuesday, hitting $47.87. The stock had a trading volume of 165,843 shares, compared to its average volume of 109,343. First Trust Municipal High Income ETF has a 12-month low of $47.14 and a 12-month high of $49.51. The firm’s 50-day moving average is $48.63 and its two-hundred day moving average is $48.85.

First Trust Municipal High Income ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $0.163 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Investors Weigh In On First Trust Municipal High Income ETF

Hedge funds have recently made changes to their positions in the stock. Larson Financial Group LLC purchased a new stake in First Trust Municipal High Income ETF in the third quarter valued at about $92,000. Farmers & Merchants Investments Inc. purchased a new stake in First Trust Municipal High Income ETF in the third quarter valued at about $109,000. Mach 1 Financial Group LLC purchased a new stake in First Trust Municipal High Income ETF in the third quarter valued at about $204,000. SeaCrest Wealth Management LLC purchased a new stake in First Trust Municipal High Income ETF in the third quarter valued at about $225,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in First Trust Municipal High Income ETF in the second quarter valued at about $279,000.

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.