First Trust Managed Municipal ETF (NASDAQ:FMB) Stock Short Interest Report for October

First Trust Managed Municipal ETF (NASDAQ:FMB) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 10,162 shares, a drop of 35.0% from the September 30th total of 15,626 shares. Based on an average daily trading volume, of 658,038 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Trading of First Trust Managed Municipal ETF

A number of large investors have recently modified their holdings of FMB. Bank of America Corp DE raised its stake in First Trust Managed Municipal ETF by 12.2% in the first quarter. Bank of America Corp DE now owns 2,046,794 shares of the company’s stock valued at $103,691,000 after purchasing an additional 221,955 shares in the last quarter. NewEdge Advisors LLC lifted its position in First Trust Managed Municipal ETF by 16.1% during the second quarter. NewEdge Advisors LLC now owns 497,684 shares of the company’s stock valued at $25,565,000 after purchasing an additional 68,875 shares during the last quarter. Cetera Investment Advisers grew its stake in First Trust Managed Municipal ETF by 2.1% in the 1st quarter. Cetera Investment Advisers now owns 418,100 shares of the company’s stock worth $21,181,000 after buying an additional 8,583 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in First Trust Managed Municipal ETF by 6.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 345,208 shares of the company’s stock worth $17,732,000 after buying an additional 21,260 shares in the last quarter. Finally, XML Financial LLC purchased a new position in First Trust Managed Municipal ETF in the 3rd quarter worth approximately $10,182,000.

First Trust Managed Municipal ETF Price Performance

NASDAQ:FMB opened at $49.42 on Monday. First Trust Managed Municipal ETF has a 52-week low of $47.38 and a 52-week high of $52.03. The stock has a fifty day moving average of $48.92 and a 200 day moving average of $50.59.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, October 21st were issued a $0.1590 dividend. The ex-dividend date of this dividend was Wednesday, October 21st. This represents a $1.91 annualized dividend and a dividend yield of 3.9%.

About First Trust Managed Municipal ETF

The First Trust Managed Municipal ETF (FMB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests primarily in investment-grade municipal bonds, with some high-yield exposure. FMB was launched on May 13, 2014 and is managed by First Trust.