First Trust Managed Municipal ETF (NASDAQ:FMB) Short Interest Update

As of December 31, 2024, the First Trust Managed Municipal ETF (NASDAQ:FMB) experienced a notable rise in short interest during December. The total short interest reached 72,100 shares, marking an increase of 80.3% from 40,000 shares reported on December 15. Given the average trading volume of 187,500 shares, the current short-interest ratio stands at 0.4 days.

Institutional Trading of First Trust Managed Municipal ETF

Recently, several hedge funds have adjusted their positions in the First Trust Managed Municipal ETF. CWA Asset Management Group LLC took a new position during the third quarter, investing $13,088,000. Additionally, LPL Financial LLC increased its holdings in the ETF by 6.9% in the same quarter, bringing its total to 2,507,371 shares worth approximately $130,283,000 after acquiring an additional 162,331 shares. International Assets Investment Management LLC also significantly boosted its stake by an impressive 5,096.0%, adding 112,010 shares to own a total of 114,208 shares worth about $5,934,000. Meanwhile, Miracle Mile Advisors LLC raised its position in the ETF by 22.2%, now owning 599,874 shares valued at $31,169,000 after purchasing 109,001 additional shares. Sanctuary Advisors LLC also entered into a new investment in the ETF during the second quarter, with a stake valued around $3,590,000.

First Trust Managed Municipal ETF Price Performance

On Wednesday, shares of NASDAQ FMB opened at $50.61. The stock's 50-day moving average price is $51.27, and the 200-day moving average price is $51.48. Over the past year, the ETF has seen a low of $48.10 and a high of $52.13.

First Trust Managed Municipal ETF Dividend Announcement

Furthermore, the ETF recently announced a dividend that was paid on December 31, 2024. Investors who were on record as of December 13 received a dividend of $0.139 per share, with the ex-dividend date also set for December 13.

About First Trust Managed Municipal ETF

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

ETF, Stocks, Investment