First Trust Managed Municipal ETF (NASDAQ:FMB – Get Free Report) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totalling 20,300 shares, a drop of 27.0% from the June 15th total of 27,800 shares. Based on an average trading volume of 144,000 shares, the short-interest ratio is presently 0.1 days.
First Trust Managed Municipal ETF Price Performance
FMB opened at $51.51 on Monday. First Trust Managed Municipal ETF has a 1 year low of $48.08 and a 1 year high of $51.77. The stock has a fifty day moving average price of $51.10 and a 200 day moving average price of $51.25.
First Trust Managed Municipal ETF Announces Dividend
The company also recently disclosed a dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were issued a $0.137 dividend. The ex-dividend date of this dividend was Thursday, June 27th.
Hedge Funds Weigh In On First Trust Managed Municipal ETF
First Trust Managed Municipal ETF Company Profile
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.
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