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FMNY

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    25.6749$
  • Previous Close
    25.7109$
  • 52 Week Change
    --
  • Day Range
    -0.04$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

FMNY.US refers to the First Trust Municipal High Income ETF. This ETF seeks to provide current income exempt from federal income taxes by investing primarily in a diversified portfolio of high-yield municipal securities. These securities are typically rated below investment grade, carrying a higher degree of credit risk but also potentially higher yields compared to investment-grade municipal bonds.
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Factors

Fund Performance: The underlying bonds' performance drives FMNY.US's price.

Interest Rate Changes: Rising rates typically lower bond values, thus impacting FMNY.US.

Credit Risk: Downgrades in bond credit ratings can decrease FMNY.US's value.

Market Demand: High demand increases prices, while low demand decreases them.

Expense Ratio: Higher expenses can negatively affect returns, influencing the price.

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