First Trust Short Etf Profile
| FSMB Etf | USD 20.13 0.02 0.1% |
PerformanceSolid
| Odds Of DistressLow
|
First Trust is trading at 20.13 as of the 4th of February 2026, a 0.1 percent increase since the beginning of the trading day. The etf's open price was 20.11. First Trust has less than a 9 % chance of experiencing financial distress in the next few years and had a solid performance during the last 90 days. The performance scores are derived for the period starting the 6th of November 2025 and ending today, the 4th of February 2026. Click here to learn more.
Under normal market conditions, the fund seeks to achieve its investment objective by investing at least 80 percent of its net assets in municipal debt securities that pay interest that is exempt from regular federal income taxes. Short Duration is traded on NYSEARCA Exchange in the United States.. More on First Trust Short
Moving together with First Etf
| 0.98 | SUB | iShares Short Term | PairCorr |
| 0.97 | SHM | SPDR Nuveen Bloomberg | PairCorr |
| 0.97 | JMST | JPMorgan Ultra Short | PairCorr |
| 0.97 | MEAR | iShares Short Maturity | PairCorr |
| 0.9 | SMB | VanEck Short Muni | PairCorr |
Moving against First Etf
First Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Broad Municipals ETFs, Municipals ETFs, Muni National Short, First Trust (View all Sectors) |
| Issuer | First Trust |
| Inception Date | 2018-11-01 |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 538.21 Million |
| Average Trading Volume | 191,228 |
| Asset Type | Fixed Income |
| Category | Municipals |
| Focus | Broad Municipals |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | The Bank of New York Mellon Corporation |
| Advisor | First Trust Advisors L.P. |
| Custodian | The Bank of New York Mellon Corporation |
| Distributor | First Trust Portfolios L.P. |
| Portfolio Manager | Johnathan Wilhelm, Tom Futrell |
| Transfer Agent | The Bank of New York Mellon Corporation |
| Fiscal Year End | 31-Oct |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 496 |
| Market Maker | Jane Street |
| Total Expense | 0.55 |
| Management Fee | 0.55 |
| Country Name | USA |
| Returns Y T D | 0.46 |
| Name | First Trust Short Duration Managed Municipal ETF |
| Currency Code | USD |
| Open Figi | BBG00MFP1BT2 |
| In Threey Volatility | 2.32 |
| 1y Volatility | 1.17 |
| 200 Day M A | 19.9818 |
| 50 Day M A | 20.0575 |
| Code | FSMB |
| Updated At | 3rd of February 2026 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.67) |
First Trust Short [FSMB] is traded in USA and was established 2018-11-01. The fund is listed under Muni National Short category and is part of First Trust family. The entity is thematically classified as Broad Municipals ETFs. First Trust Short currently have 359.5 M in assets under management (AUM). , while the total return for the last 3 years was 3.1%.
Check First Trust Probability Of Bankruptcy
First Trust Short Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in First Trust. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Mean Deviation | 0.0631 | |||
| Standard Deviation | 0.0826 | |||
| Variance | 0.0068 | |||
| Downside Variance | 0.0099 |
First Trust Short Technical Analysis
Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. First Trust Short Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe First Trust price patterns.
First Trust Against Markets
First Etf Analysis Notes
First Trust is is formed as Regulated Investment Company in the United States. ETF is managed and operated by The Bank of New York Mellon Corporation. The fund has 496 constituents with avarage daily trading value of 191.2 K. The fund charges 0.55 percent management fee with a total expences of 0.55 percent of total asset. The fund retains most of the assets under management (AUM) in different types of exotic instruments. First Trust Short last dividend was 0.033 per share. Under normal market conditions, the fund seeks to achieve its investment objective by investing at least 80 percent of its net assets in municipal debt securities that pay interest that is exempt from regular federal income taxes. Short Duration is traded on NYSEARCA Exchange in the United States. To learn more about First Trust Short call the company at NA.First Trust Short Investment Alerts
Many investors view ongoing market volatility as an opportunity to purchase more etfs at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. First Trust's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding First Trust Short or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
| Latest headline from seekingalpha.com: First Trust Short Duration Managed Municipal ETF declares 0.053 dividend | |
| The fund retains most of the assets under management (AUM) in different types of exotic instruments. |
First Trust Thematic Classifications
In addition to having First Trust etf in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
 | Broad Municipals ETFsUSA ETFs from Broad Municipals clasification | |
| Municipals ETFsUSA ETFs from Municipals clasification |
Management Efficiency
First Trust's management efficiency ratios could be used to measure how well First Trust manages its routine affairs as well as how well it operates its assets and liabilities.First Trust Short has shown resilience through effective management strategies. Our analysis examines how these strategies influence financial outcomes and investor returns which helps in understanding the stock's long-term potential.
Returns 3 Y 3.16 | Returns 5 Y 1.51 | Returns 1 Y 4.33 | Total Assets 526 M | Yield 3.09 |
Top First Trust Short Etf Constituents
| ALABAMA FED AID HWY FIN AUTH SPL OBLIG REV 5% | 0.93% |
| NEWARK N J 3.5% | 1.2200001% |
| CENTRAL TEX REGL MOBILITY AUTH REV 5% | 1.17999995% |
| UNIVERSITY CONN 5% | 0.95999995% |
| MIDDLESEX CNTY N J CTFS PARTN 5% | 1.04% |
| ARIZONA INDL DEV AUTH REV 5% | 1% |
| NEW JERSEY ST 5% | 0.95% |
| HOUSTON TEX ARPT SYS REV 5% | 1.24% |
| TENDER OPT BD TR RCPTS / CTFS VAR STS 0.28% | 1.17% |
| Future Contract On Us 10yr Ultra Fut Sep21 | 1.67% |
Institutional Etf Holders for First Trust
Have you ever been surprised when a price of an equity instrument such as First Trust is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading First Trust Short backward and forwards among themselves. First Trust's institutional investor refers to the entity that pools money to purchase First Trust's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Note, although First Trust's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses. First Trust Outstanding Bonds
First Trust issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. First Trust Short uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most First bonds can be classified according to their maturity, which is the date when First Trust Short has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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First Trust Predictive Daily Indicators
First Trust intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of First Trust etf daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
First Trust Forecast Models
First Trust's time-series forecasting models are one of many First Trust's etf analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary First Trust's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Trust Short. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in industry. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
First Trust Short's market price often diverges from its book value, the accounting figure shown on First's balance sheet. Smart investors calculate First Trust's intrinsic value - its true economic worth - which may differ significantly from both market price and book value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Since First Trust's trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from fundamental value.
Please note, there is a significant difference between First Trust's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Trust is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Trust's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.