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

First Trust Municipal High Income ETF (NASDAQ:FMHI – Get Rating) saw a significant growth in short interest in December. As of December 30th, there was short interest totalling 113,200 shares, a growth of 820.3% from the December 15th total of 12,300 shares. Based on an average trading volume of 100,400 shares, the short-interest ratio is presently 1.1 days.

First Trust Municipal High Income ETF Stock Up 0.1 %

NASDAQ:FMHI opened at $47.68 on Wednesday. First Trust Municipal High Income ETF has a 12 month low of $44.09 and a 12 month high of $55.83. The company has a 50 day simple moving average of $46.58 and a two-hundred day simple moving average of $46.97.

First Trust Municipal High Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, December 30th. Shareholders of record on Tuesday, December 27th were given a $0.151 dividend. This represents a $1.81 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date was Friday, December 23rd. This is an increase from First Trust Municipal High Income ETF’s previous monthly dividend of $0.15.

Institutional Investors Weigh In On First Trust Municipal High Income ETF

A number of large investors have recently added to or reduced their stakes in the stock. Mutual Advisors LLC grew its position in First Trust Municipal High Income ETF by 5.5% in the 4th quarter. Mutual Advisors LLC now owns 35,531 shares of the company’s stock worth $1,645,000 after purchasing an additional 1,846 shares during the period. Platform Technology Partners grew its position in First Trust Municipal High Income ETF by 7.3% in the 4th quarter. Platform Technology Partners now owns 56,565 shares of the company’s stock worth $2,618,000 after purchasing an additional 3,856 shares during the period. Insight Wealth Strategies LLC grew its position in First Trust Municipal High Income ETF by 6.1% in the 4th quarter. Insight Wealth Strategies LLC now owns 9,295 shares of the company’s stock worth $430,000 after purchasing an additional 536 shares during the period. Jane Street Group LLC bought a new stake in First Trust Municipal High Income ETF in the 3rd quarter worth approximately $2,783,000. Finally, Financial Advocates Investment Management grew its position in shares of First Trust Municipal High Income ETF by 38.2% during the 3rd quarter. Financial Advocates Investment Management now owns 53,388 shares of the company’s stock valued at $2,380,000 after acquiring an additional 14,766 shares during the period.