First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) Short Interest Up 105.9% in December

First Trust Short Duration Managed Municipal ETF (NYSEARCA:FSMB) was the target of a large growth in short interest in December. As of December 31st, there was short interest totaling 31,684 shares, a growth of 105.9% from the December 15th total of 15,390 shares. Based on an average daily trading volume, of 81,376 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 81,376 shares, the short-interest ratio is presently 0.4 days.

First Trust Short Duration Managed Municipal ETF Stock Performance

NYSEARCA:FSMB opened at $20.13 on Thursday. The stock’s fifty day moving average price is $20.05 and its two-hundred day moving average price is $20.04. First Trust Short Duration Managed Municipal ETF has a 1 year low of $19.47 and a 1 year high of $20.21.

First Trust Short Duration Managed Municipal ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 21st were paid a $0.052 dividend. The ex-dividend date was Friday, November 21st. This represents a c) annualized dividend and a yield of 3.1%.

Hedge Funds Weigh In On First Trust Short Duration Managed Municipal ETF

Institutional investors have recently added to or reduced their stakes in the business. Hazlett Burt & Watson Inc. purchased a new stake in shares of First Trust Short Duration Managed Municipal ETF in the third quarter valued at $26,000. Advisory Services Network LLC purchased a new stake in First Trust Short Duration Managed Municipal ETF in the 3rd quarter worth about $32,000. Evolution Wealth Management Inc. bought a new stake in First Trust Short Duration Managed Municipal ETF in the second quarter worth about $33,000. US Bancorp DE boosted its position in shares of First Trust Short Duration Managed Municipal ETF by 29.4% during the third quarter. US Bancorp DE now owns 3,584 shares of the company’s stock valued at $72,000 after buying an additional 815 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in shares of First Trust Short Duration Managed Municipal ETF by 29.7% during the second quarter. Farther Finance Advisors LLC now owns 5,154 shares of the company’s stock valued at $103,000 after buying an additional 1,180 shares during the period.

About First Trust Short Duration Managed Municipal ETF

The First Trust Short Duration Managed Municipal ETF (FSMB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of US municipal debt with a targeted portfolio duration of 1 to 3 years. The fund seeks tax-exempt income and capital preservation. FSMB was launched on Nov 1, 2018 and is managed by First Trust.