First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) Short Interest Up 211.7% in January

First Trust Ultra Short Duration Municipal ETF (NYSEARCA:FUMB) was the recipient of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 19,770 shares, a growth of 211.7% from the January 15th total of 6,342 shares. Based on an average daily volume of 89,164 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the shares of the stock are sold short. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 89,164 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of First Trust Ultra Short Duration Municipal ETF

Several institutional investors and hedge funds have recently made changes to their positions in FUMB. Cetera Investment Advisers grew its stake in First Trust Ultra Short Duration Municipal ETF by 12.9% in the 2nd quarter. Cetera Investment Advisers now owns 72,008 shares of the company’s stock worth $1,447,000 after acquiring an additional 8,217 shares during the period. XML Financial LLC boosted its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 5.3% during the third quarter. XML Financial LLC now owns 507,182 shares of the company’s stock worth $10,194,000 after purchasing an additional 25,633 shares during the last quarter. Meridian Wealth Management LLC acquired a new stake in shares of First Trust Ultra Short Duration Municipal ETF during the second quarter worth $241,000. Envestnet Portfolio Solutions Inc. increased its stake in First Trust Ultra Short Duration Municipal ETF by 62.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 39,703 shares of the company’s stock valued at $798,000 after purchasing an additional 15,285 shares during the last quarter. Finally, J.W. Cole Advisors Inc. lifted its holdings in shares of First Trust Ultra Short Duration Municipal ETF by 4.5% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 149,331 shares of the company’s stock worth $3,002,000 after acquiring an additional 6,429 shares during the period.

First Trust Ultra Short Duration Municipal ETF Stock Performance

FUMB opened at $20.13 on Thursday. The stock’s 50 day simple moving average is $20.09 and its 200 day simple moving average is $20.10. First Trust Ultra Short Duration Municipal ETF has a 1-year low of $19.91 and a 1-year high of $20.72.

First Trust Ultra Short Duration Municipal ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st were given a dividend of $0.046 per share. The ex-dividend date was Wednesday, January 21st. This represents a c) dividend on an annualized basis and a yield of 2.7%.

About First Trust Ultra Short Duration Municipal ETF

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