FMHI ETF Analysis: Municipal High Income | NASDAQ
High Yield Muni | NASDAQ, USA | Market Cap: 1.022m USD | 12M Return: 0.1% | US33739P3010 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 6.68M
Warnings
Tailwinds
No distinct edge detected
Seasonality 8.9 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
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 September 27, 2026, the stock is trading at USD 45.18 with a total of 247,962 shares traded. Over the past week, the price has changed by -1.83%, over one month by -4.35%, over three months by -5.63% and over the past year by +0.06%.
Current recommended Stop Loss: 44.80 (which is 0.8% or 1.3 ATR below the current price).
Municipal High Income has no consensus analysts rating.