First Trust Municipal High Income ETF (NASDAQ:FMHI – Get a rating) was the target of a significant decline in short interest during the month of March. As of March 31, there was selling interest totaling 49,700 shares, down 48.0% from the March 15 total of 95,500 shares. Based on an average trading volume of 82,900 shares, the short-term interest rate ratio is currently 0.6 days.
Shares of FMHI Stock traded down $0.11 during Friday trading hours, hitting $50.10. 46,132 shares of the company were traded, against an average volume of 83,360. First Trust Municipal High Income ETF has a 1-year low of $50.10 and a 1-year high of $57.76. The stock’s fifty-day moving average price is $52.33 and its two-hundred-day moving average price is $54.55.
The company also recently declared a monthly dividend, which was paid on Thursday, March 31. Shareholders of record on Monday, March 28 received a dividend of $0.13 per share. The ex-dividend date was Friday, March 25. This represents a dividend of $1.56 on an annualized basis and a dividend yield of 3.11%.
Several hedge funds have recently changed their holdings in FMHI. Wells Fargo & Company MN increased its stake in shares of First Trust Municipal High Income ETF by 47.5% during the second quarter. Wells Fargo & Company MN now owns 8,851 shares of the company worth $498,000 after acquiring 2,850 additional shares in the last quarter. Morgan Stanley increased its stake in shares of the First Trust Municipal High Income ETF by 63.6% during the second quarter. Morgan Stanley now owns 499,298 shares of the company worth $28,076,000 after acquiring an additional 194,033 shares in the last quarter. Capital Investment Advisory Services LLC increased its stake in shares of the First Trust Municipal High Income ETF by 4.7% during the third quarter. Capital Investment Advisory Services LLC now owns 18,250 shares of the company worth $1,018,000 after acquiring 825 additional shares in the last quarter. Insight Wealth Strategies LLC increased its holdings of First Trust Municipal High Income ETF shares by 48.4% during the third quarter. Insight Wealth Strategies LLC now owns 8,636 shares of the company worth $482,000 after purchasing 2,815 additional shares during the period. Finally, Janney Montgomery Scott LLC increased its holdings of First Trust Municipal High Income ETF shares by 52.2% during the third quarter. Janney Montgomery Scott LLC now owns 27,520 shares of the company worth $1,535,000 after purchasing an additional 9,436 shares during the period.
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