First Trust Municipal High Income ETF (NASDAQ:FMHI) Short Interest Down 69.2% in July

First Trust Municipal High Income ETF (NASDAQ:FMHI) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totaling 42,571 shares, a decrease of 69.2% from the July 15th total of 138,409 shares. Based on an average daily trading volume, of 100,975 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the shares of the stock are short sold.

First Trust Municipal High Income ETF Price Performance

First Trust Municipal High Income ETF stock opened at $47.84 on Friday. First Trust Municipal High Income ETF has a fifty-two week low of $45.94 and a fifty-two week high of $48.73. The stock has a fifty day moving average of $48.16 and a two-hundred day moving average of $48.10.

First Trust Municipal High Income ETF Announces Dividend

The company also recently announced a dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 21st were paid a $0.177 dividend. The ex-dividend date of this dividend was Tuesday, July 21st.

Institutional Investors Weigh In On First Trust Municipal High Income ETF

Several hedge funds have recently modified their holdings of FMHI. Dynamic Advisor Solutions LLC raised its position in shares of First Trust Municipal High Income ETF by 3.1% in the second quarter. Dynamic Advisor Solutions LLC now owns 8,335 shares of the company’s stock valued at $404,000 after buying an additional 252 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its stake in First Trust Municipal High Income ETF by 1.6% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 19,160 shares of the company’s stock worth $911,000 after acquiring an additional 300 shares during the period. Altus Wealth Group LLC raised its holdings in First Trust Municipal High Income ETF by 4.5% in the 4th quarter. Altus Wealth Group LLC now owns 7,484 shares of the company’s stock valued at $359,000 after acquiring an additional 320 shares during the last quarter. Orion Porfolio Solutions LLC lifted its stake in shares of First Trust Municipal High Income ETF by 4.7% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 8,184 shares of the company’s stock worth $382,000 after purchasing an additional 365 shares during the period. Finally, GSG Advisors LLC lifted its stake in shares of First Trust Municipal High Income ETF by 1.6% during the 1st quarter. GSG Advisors LLC now owns 27,588 shares of the company’s stock worth $1,312,000 after purchasing an additional 425 shares during the period.

About First Trust Municipal High Income ETF

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.