First Trust Short Duration Managed Municipal ETF chart

Last update: 2022-12-30
Key statistics and financials
Three year average return 2.79%
YTD return -0.17%
Beta 3Y 0.00
Total Assets 194.79M
Annual report expense ratio 0.45%

Company description

Under normal market conditions, the fund seeks to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in municipal debt securities that pay interest that is exempt from regular federal income taxes. The municipal securities in which the fund invests may be fixed, variable or floating-rate securities.

Sector: N/A - Industry: N/A


Insider Transactions

Here are the insider transactions of stock shares related to First Trust Short Duration Managed Municipal ETF:

Filer Name Transaction Text Ownership Date Filer Relation Shares
NO DATA

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to First Trust Short Duration Managed Municipal ETF. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on First Trust Short Duration Managed Municipal ETF

Here is the result of two systematic investment strategies applied to First Trust Short Duration Managed Municipal ETF. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on First Trust Short Duration Managed Municipal ETF

The following chart shows the equity curve of the two systematic investment strategies applied to First Trust Short Duration Managed Municipal ETF:

First Trust Short Duration Managed Municipal ETF automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 1.04% on the backtest period.

Performance at glance

Performance

1.04 %

Latent gain

18.06 $

Invested capital

1732.5 $

Annualized return

0.34 %
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Momentum strategy results on First Trust Short Duration Managed Municipal ETF

This is the result of two momentum investment strategies applied to First Trust Short Duration Managed Municipal ETF. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on First Trust Short Duration Managed Municipal ETF

The following chart shows all the entries opened by the momentum investment system on First Trust Short Duration Managed Municipal ETF:

First Trust Short Duration Managed Municipal ETF momentum entries
  • The first momentum investment strategy would give 1.5% of return on First Trust Short Duration Managed Municipal ETF. That represents 48.18$ of latent gain with 3202.86$ of employed capital.
  • The second momentum investment strategy would give 0.91% of return on First Trust Short Duration Managed Municipal ETF. That represents 27.2$ of latent gain with 2973.76$ of employed capital.
Performance at glance (1Q Momentum)

Performance

1.5 %

Latent gain

48.18 $

Invested capital

3202.86 $

Annualized return

0.0 %
Performance at glance (2Q Momentum)

Performance

0.91 %

Latent gain

27.2 $

Invested capital

2973.76 $

Annualized return

0.36 %

Momentum equity curve on First Trust Short Duration Managed Municipal ETF

The following chart shows the equity curve of the two momentum strategies applied to First Trust Short Duration Managed Municipal ETF:

First Trust Short Duration Managed Municipal ETF momentum equity

Note: the dividends potentially given by First Trust Short Duration Managed Municipal ETF are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on First Trust Short Duration Managed Municipal ETF

The following chart shows the employed capital evolution of the two momentum strategies on First Trust Short Duration Managed Municipal ETF since the beginning:

First Trust Short Duration Managed Municipal ETF

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on First Trust Short Duration Managed Municipal ETF

Buy the dip entry openings on First Trust Short Duration Managed Municipal ETF

First Trust Short Duration Managed Municipal ETF

The performance achieved by the robo-advisor on First Trust Short Duration Managed Municipal ETF is 0%. That represents 0.0$ of latent gain with 0.0$ of employed capital. The following chart shows First Trust Short Duration Managed Municipal ETF stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of First Trust Short Duration Managed Municipal ETF, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

0 %

Latent gain

0.0 $

Invested capital

0.0 $

Annualized return

0.0 %

Equity curve of the strategy applied to First Trust Short Duration Managed Municipal ETF

The following chart shows the result of the investment strategy applied to First Trust Short Duration Managed Municipal ETF:

First Trust Short Duration Managed Municipal ETF

Note: the dividends potentially given by First Trust Short Duration Managed Municipal ETF are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on First Trust Short Duration Managed Municipal ETF

The following chart shows the employed capital evolution since the beginning of the investment strategy on First Trust Short Duration Managed Municipal ETF:

First Trust Short Duration Managed Municipal ETF

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on First Trust Short Duration Managed Municipal ETF

In this section, I will compare the three previous investment strategies applied to First Trust Short Duration Managed Municipal ETF.

Equity curve comparison on First Trust Short Duration Managed Municipal ETF

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

First Trust Short Duration Managed Municipal ETF investment strategy comparison

Employed capital comparison on First Trust Short Duration Managed Municipal ETF

First Trust Short Duration Managed Municipal ETF investment comparison

Performance comparison on First Trust Short Duration Managed Municipal ETF

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 1.04% 18.06$ 1732.5$ 0.34%
Momentum 1 quarter 1.5% 48.18$ 3202.86$ 0.54%
Momentum 2 quarters 0.91% 27.2$ 2973.76$ 0.36%
Non-directional 0% 0.0$ 0.0$ 0.0%
Annualized return comparison

Automatic investment

0.34 %

Momentum 1Q

0.36 %

Momentum 2Q

0.36 %

Non-directional

0.0 %

Correlated stocks

Here are the most positively and negatively correlated stocks with First Trust Short Duration Managed Municipal ETF:

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months


Note: The algorithm computes the probability of correlation between First Trust Short Duration Managed Municipal ETF and the other stocks. There may be false positives or some missing correlated stocks. If the price of First Trust Short Duration Managed Municipal ETF does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name First Trust Short Duration Managed Municipal ETF
Country
City
Address
Phone
Website
FullTime employees
Industry
Sector
Exchange ARCX
Ticker FSMB
Market

First Trust Short Duration Managed Municipal ETF ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown