First Trust Municipal High Income ETF (NASDAQ:FMHI – Get Free Report) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 37,800 shares, an increase of 62.9% from the March 31st total of 23,200 shares. Based on an average daily volume of 73,400 shares, the days-to-cover ratio is currently 0.5 days.
Institutional Investors Weigh In On First Trust Municipal High Income ETF
Several large investors have recently modified their holdings of FMHI. Wells Fargo & Company MN boosted its stake in shares of First Trust Municipal High Income ETF by 145.2% during the 4th quarter. Wells Fargo & Company MN now owns 406,752 shares of the company’s stock worth $19,394,000 after acquiring an additional 240,894 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of First Trust Municipal High Income ETF during the 4th quarter worth $8,659,000. Principle Wealth Partners LLC bought a new stake in shares of First Trust Municipal High Income ETF during the 4th quarter worth $8,072,000. Crumly & Associates Inc. boosted its stake in shares of First Trust Municipal High Income ETF by 259.6% during the 4th quarter. Crumly & Associates Inc. now owns 207,661 shares of the company’s stock worth $9,901,000 after acquiring an additional 149,917 shares in the last quarter. Finally, UBS Group AG boosted its stake in shares of First Trust Municipal High Income ETF by 219.3% during the 3rd quarter. UBS Group AG now owns 175,884 shares of the company’s stock worth $7,927,000 after acquiring an additional 120,808 shares in the last quarter.
First Trust Municipal High Income ETF Trading Up 0.1 %
Shares of FMHI stock opened at $47.46 on Friday. The business’s fifty day moving average is $47.92 and its 200-day moving average is $47.00. First Trust Municipal High Income ETF has a 1 year low of $43.88 and a 1 year high of $48.37.
First Trust Municipal High Income ETF Announces Dividend
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.
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