First Trust Ultra Short Duration Municipal ETF (FUMB) Covered Calls
The investment seeks to provide federally tax-exempt income consistent with capital preservation. 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 weighted average duration of the fund's portfolio is expected to be less than one year. The fund is non-diversified.
You can sell covered calls on First Trust Ultra Short Duration Municipal ETF to lower risk and earn monthly income. Born To Sell's covered call screener gives you customized search capabilities across all possible covered calls but here are a couple of examples for FUMB (prices last updated Fri 4:16 PM ET):
First Trust Ultra Short Duration Municipal ETF (FUMB) Stock Quote | ||||||
---|---|---|---|---|---|---|
Last | Change | Bid | Ask | Volume | P/E | Market Cap |
20.07 | 0.00 | 17.15 | 25.08 | 60K | - | 0.0 |
Covered Calls For First Trust Ultra Short Duration Municipal ETF (FUMB) | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Net Debit | Return If Flat |
Annualized Return If Flat |
|
Jan 17 | 20 | 0.00 | 25.08 | -20.3% | -255.5% | |
Feb 21 | 20 | 0.00 | 25.08 | -20.3% | -115.8% | |
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