First Trust Managed Municipal ETF (FMB) Short Interest Ratio & Short Volume

Short interest is the volume of First Trust Managed Municipal ETF shares that have been sold short but have not yet been closed out or covered. As of September 15th, investors have sold 203,900 shares of FMB short. Learn More on First Trust Managed Municipal ETF's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. FMB shares currently have a short interest ratio of 1.0. Learn More on First Trust Managed Municipal ETF's short interest ratio.

First Trust Managed Municipal ETF saw a drop in short interest during the month of September. As of September 15th, there was short interest totaling 203,900 shares, a drop of 28.9% from the previous total of 286,700 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies compare to First Trust Managed Municipal ETF: First Trust Municipal High Income ETF (1.75%), and First Trust California Municipal High Income ETF (1.48%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Canadian Natural Resources Limited ($8.05 billion), T-Mobile US, Inc. ($3.94 billion), Charter Communications, Inc. ($3.77 billion), Occidental Petroleum Co. ($3.27 billion), Tractor Supply ($2.29 billion), Celsius Holdings, Inc. ($2.20 billion), Rivian Automotive, Inc. ($2.10 billion), Moderna, Inc. ($2.08 billion), Royal Caribbean Cruises Ltd. ($1.90 billion), and T. Rowe Price Group, Inc. ($1.90 billion). View all of the most shorted stocks.

Short selling FMB is an investing strategy that aims to generate trading profit from First Trust Managed Municipal ETF as its price is falling. FMB shares are trading up $0.07 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for First Trust Managed Municipal ETF occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of FMB, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including FMB, twice per month. The most recent reporting period available is September, 15 2023.