First Trust Ultra Short Duration Municipal ETF(FUMB · ETF)

ETF quote, holdings, sector allocation, technicals, and options analytics.

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

FUMB $20.07
Snapshot
$20.07
52-Week Range
$19.98 – $20.72
YTD
-0.10%
IV Rank (30D)
8.12
Straddle Price
$1.30
Info

First Trust Ultra Short Duration Municipal ETF (FUMB) ETF

Exchange
ARCX
Inception
2018-11-01
Has Options
Yes
ETF Profile
holdings as of 2026-07-31
Holdings
222
AUM
$238.0M
Provider
Nport
Inception
2018-11-01
Exchange
ARCX
Data As Of
2026-07-31
Expense Ratio
Dividend Yield
2.74%
Distribution
Monthly
Recent distributions
Ex-Date Pay Date Amount Type
2026-07-21 2026-07-31 $0.0440 CD
2026-06-25 2026-06-30 $0.0450 CD
2026-05-21 2026-05-29 $0.0450 CD
2026-04-21 2026-04-30 $0.0460 CD
2026-03-26 2026-03-31 $0.0460 CD
2026-02-20 2026-02-27 $0.0460 CD
Asset Allocation
Top Holdings
top 50 of 222 holdings
Symbol Name Weight % Asset Class Country
NATIONAL FIN AUTH NH SOL WST D 1.46% Debt US
MIAMI-DADE CNTY FL SCH BRD COP 1.13% Debt US
DALLAS-FORT WORTH TX INTERNATI 0.87% Debt US
MASSACHUSETTS ST PORT AUTH 0.86% Debt US
BURLESON TX INDEP SCH DIST 0.86% Debt US
N TX TOLLWAY AUTH REVENUE 0.85% Debt US
MIAMI-DADE CNTY FL WTR & SWR R 0.85% Debt US
NEW JERSEY ST ECON DEV AUTH RE 0.85% Debt US
OHIO ST AIR QUALITY DEV AUTH 0.85% Debt US
SALT LAKE CITY UT ARPT REVENUE 0.84% Debt US
MOBILE AL INDL DEV BRD POLL CO 0.83% Debt US
TENDER OPTION BOND TRUST RECEI 0.83% Debt US
LOS ANGELES CA DEPT OF ARPTS A 0.77% Debt US
MARYLAND ST HLTH & HGR EDUCTNL 0.77% Debt US
GREENVILLE CNTY SC SCH DIST 0.77% Debt US
ALLEN CNTY OH HOSP FACS REVENU 0.76% Debt US
SOUTH CAROLINA ST ASSN OF GOVT 0.75% Debt US
GEISINGER PA AUTH HLTH SYS REV 0.74% Debt US
HUBER HEIGHTS OH 0.74% Debt US
MISSOURI ST HIGHWAY & TRANSPRT 0.73% Debt US
PEFA INC IA GAS PROJ REVENUE 0.73% Debt US
BLACK BELT ENERGY GAS DIST AL 0.73% Debt US
HAMILTON CNTY OH HOSP FACS REV 0.71% Debt US
BROWARD CNTY FL SCH DIST 0.70% Debt US
WEST VIRGINIA ST HSG DEV FUND 0.69% Debt US
BURKE CNTY GA DEV AUTH POLL CO 0.67% Debt US
CHATTANOOGA TN HLTH EDUCTNL &H 0.66% Debt US
ILLINOIS ST SALES TAX REVENUE 0.65% Debt US
TRIBOROUGH NY BRIDGE & TUNNEL 0.64% Debt US
NORTH CAROLINA ST GRANT ANTICI 0.64% Debt US
PMA LEVY & AID ANTIC NTS PROGR 0.64% Debt US
FORT WAYNE IN CMNTY SCHS 0.64% Debt US
PERRY TWP IN SCHS MARION CNTY 0.64% Debt US
HAMILTON CNTY OH SALES TAX 0.64% Debt US
ILLINOIS ST 0.64% Debt US
JERSEY CITY NJ REDEV AGY 0.64% Debt US
ILLINOIS ST FIN AUTH REVENUE 0.63% Debt US
MET WASHINGTON DC ARPTS AUTH A 0.63% Debt US
OLATHE KS 0.63% Debt US
FALL RIVER MA 0.63% Debt US
QUINCY MA 0.63% Debt US
LOS ANGELES CA 0.63% Debt US
SELKIRK FIRE DIST NY 0.63% Debt US
VOORHEES TWP NJ 0.63% Debt US
SALISBURY MA 0.63% Debt US
WESTFIELD NJ SCH DIST 0.63% Debt US
TONAWANDA TOWN NY 0.63% Debt US
MORRIS TWP NJ 0.63% Debt US
BRISTOL WARREN RI REGL SCH DIS 0.63% Debt US
WHITING IN ENVRNMNTL FACS REVE 0.63% Debt US
Non-Equity Breakdown
First Trust Ultra Short Duration Municipal ETF · NPORT-P period 2026-07-31 (filed 2026-03-25)
Net assets: $240M · 222 total positions · equity 0.00% · non-equity 99.06%
Non-equity holdings — 222 positions, 99.06% of NAV
Category Weight Value Positions
Municipal 99.06% $238.0M 222
Chart
Seasonality
MonthAvg ReturnYears of Data
Jan +0.04% 6
Feb -0.17% 6
Mar -0.15% 6
Apr -0.20% 6
May -0.01% 6
Jun +0.04% 6
Jul +0.00% 6
Aug -0.06% 6
Sep -0.14% 5
Oct -0.12% 5
Nov +0.23% 5
Dec -0.05% 5
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $20.06
SMA 50: $20.07
SMA 200: $20.08
Current: $20.08
EMA 12: $20.06
EMA 26: $20.06
MACD: -0.0023 | Signal: 0.0039
BEARISH
ADX (14): 19.10
RANGE
+DI: 22.57
−DI: 16.86

Momentum Oscillators

RSI (14): 53.98
NEUTRAL
Stoch %K: 80.34
Stoch %D: 66.80
Williams %R: -18.18

Volume & Volatility

BB Upper: $20.11
BB Lower: $20.01
NEUTRAL
OBV: 5,349,125
Vol SMA 20: 43,950
Vol ROC: -17.02%
ATR: $0.03
True Range: $0.02
HV 20: 2.0%
HV 30: 1.7%
HV 60: 1.5%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-08-09T00:00:00 – 2026-08-10T00:00:00
AI Analysis

Choose Frenzy-Fast™ for quick analysis or Frenzy-Pro™ for comprehensive analysis.

Analysis includes technical indicators, news sentiment, risk assessment, and specific price levels to watch.

News
Options Activity
IV Rank (30D)
8.12
IV Rank (7D)
100
Avg IV
19.7%
Straddle (30D)
$1.30
Straddle (7D)
$1.15
Spread Scanner GPU

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
pts EXTREME
ATM — / Wing —
30 DTE / 10d
pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Beta (1Y vs SPY)
0.01
Correlation (SPY)
6.0%
0.00
Ann. Volatility
1.2%
SPY Volatility
12.9%

Low volatility - stock moves less than market

Beta & Alpha Over Time
Constituent Performance

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Constituents
Symbol Name Weight % Price 1 Day 1 Week 1 Month