(FMHI) Municipal High Income - NASDAQ
ETF Category: High Yield Muni | Exchange: NASDAQ (USA) | Market Cap: 975m USD | Total Return: 8.8% in 12m
Avg Turnover: 3.73M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality
The First Trust Municipal High Income ETF (FMHI) is designed to invest at least 80% of its net assets in municipal debt securities whose interest is exempt from regular federal income taxes. These securities are issued by or on behalf of U.S. states, territories, possessions, the District of Columbia, and their political subdivisions, agencies, authorities, and other instrumentalities.
As a high-yield municipal bond ETF, FMHI focuses on debt instruments issued by state and local governments to fund public projects such as infrastructure, schools, and utilities. The federal tax-exempt status of the interest income is a defining feature of the municipal bond sector, distinguishing it from taxable fixed-income investments. The fund launched in November 2017 and operates as a passively managed ETF listed on NASDAQ.
- Rising Treasury yields pressure high-yield muni bond prices lower
- Federal tax exemption for municipal interest faces policy scrutiny
- State fiscal stress widens high-yield municipal credit spreads
As of June 29, 2026, the stock is trading at USD 48.47 with a total of 121,977 shares traded. Over the past week, the price has changed by +0.37%, over one month by +1.17%, over three months by +3.39% and over the past year by +8.76%.
Current recommended Stop Loss: 48.10 (which is 0.8% or 2.1 ATR below the current price).
Municipal High Income has no consensus analysts rating.