Short Interest in First Trust Municipal High Income ETF (NASDAQ:FMHI) Expands By 48.1%

First Trust Municipal High Income ETF (NASDAQ:FMHIGet Rating) saw a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 73,600 shares, an increase of 48.1% from the March 31st total of 49,700 shares. Based on an average daily volume of 88,100 shares, the short-interest ratio is presently 0.8 days.

Several large investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors grew its holdings in shares of First Trust Municipal High Income ETF by 10.1% during the third quarter. Captrust Financial Advisors now owns 2,263 shares of the company’s stock worth $126,000 after purchasing an additional 208 shares during the last quarter. Ameritas Investment Company LLC grew its holdings in shares of First Trust Municipal High Income ETF by 3.1% during the third quarter. Ameritas Investment Company LLC now owns 7,476 shares of the company’s stock worth $417,000 after purchasing an additional 226 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of First Trust Municipal High Income ETF by 2.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 17,721 shares of the company’s stock worth $994,000 after purchasing an additional 355 shares during the last quarter. Landmark Wealth Management LLC bought a new stake in shares of First Trust Municipal High Income ETF during the first quarter worth about $43,000. Finally, Vestmark Advisory Solutions Inc. grew its holdings in shares of First Trust Municipal High Income ETF by 7.3% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 7,042 shares of the company’s stock worth $395,000 after purchasing an additional 477 shares during the last quarter.

Shares of NASDAQ:FMHI traded down $0.07 during midday trading on Friday, hitting $48.94. 90,143 shares of the stock were exchanged, compared to its average volume of 84,613. The business’s 50-day moving average price is $51.44 and its 200 day moving average price is $54.07. First Trust Municipal High Income ETF has a 12 month low of $48.71 and a 12 month high of $57.76.

The company also recently declared a monthly dividend, which was paid on Friday, April 29th. Stockholders of record on Friday, April 22nd were issued a dividend of $0.13 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend was Thursday, April 21st.

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