First Trust Municipal High Income ETF - FMHI Short Interest Ratio & Short Volume

Short interest is the volume of First Trust Municipal High Income ETF shares that have been sold short but have not yet been covered or closed out. As of January 15th, traders have sold 108,100 shares of FMHI short. Learn More on First Trust Municipal High Income 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. FMHI shares currently have a short interest ratio of 1.0. Learn More on First Trust Municipal High Income ETF's short interest ratio.

First Trust Municipal High Income ETF saw a decrease in short interest during the month of January. As of January 15th, there was short interest totaling 108,100 shares, a decrease of 4.5% from the previous total of 113,200 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 in the industry of "electronic computer manufacturing" compare to First Trust Municipal High Income ETF: iShares USD Green Bond ETF (0.45%), First Trust Dorsey Wright Dynamic Focus 5 ETF (0.42%), VanEck Video Gaming and eSports ETF (1.41%), First Trust International Equity Opportunities ETF (0.14%), First Trust RBA American Industrial RenaissanceTM ETF (0.15%), VictoryShares US Large Cap High Div Volatility Wtd ETF (0.51%), Invesco Golden Dragon China ETF (0.57%), First Trust Emerging Markets AlphaDEX Fund (0.04%), Invesco DWA SmallCap Momentum ETF (0.04%), and WisdomTree U.S. SmallCap Quality Dividend Growth Fund (0.18%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Occidental Petroleum Co. ($3.43 billion), T. Rowe Price Group, Inc. ($2.26 billion), Coinbase Global, Inc. ($2.19 billion), Etsy, Inc. ($1.78 billion), Paramount Global ($1.77 billion), Old Dominion Freight Line, Inc. ($1.69 billion), United Rentals, Inc. ($1.53 billion), American Airlines Group Inc. ($1.52 billion), PG&E Co. ($1.48 billion), and Voya Financial, Inc. ($1.47 billion). View all of the most shorted stocks.

Short selling FMHI is an investing strategy that aims to generate trading profit from First Trust Municipal High Income ETF as its price is falling. FMHI shares are trading down $0.05 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 Municipal High Income ETF occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of FMHI, 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 FMHI, twice per month. The most recent reporting period available is January, 15 2023.