Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB) Sees Large Decline in Short Interest

Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB) was the recipient of a large decline in short interest in March. As of March 13th, there was short interest totaling 4,466 shares, a decline of 32.6% from the February 26th total of 6,630 shares. Based on an average daily volume of 19,906 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Investors Weigh In On Fidelity Municipal Bond Opportunities ETF

Institutional investors have recently bought and sold shares of the business. IHT Wealth Management LLC acquired a new position in shares of Fidelity Municipal Bond Opportunities ETF in the 4th quarter valued at about $328,000. Osaic Holdings Inc. boosted its holdings in shares of Fidelity Municipal Bond Opportunities ETF by 75.1% during the fourth quarter. Osaic Holdings Inc. now owns 14,928 shares of the company’s stock worth $761,000 after purchasing an additional 6,403 shares during the period. Advisory Services Network LLC grew its position in Fidelity Municipal Bond Opportunities ETF by 5.6% during the fourth quarter. Advisory Services Network LLC now owns 23,216 shares of the company’s stock valued at $1,183,000 after purchasing an additional 1,239 shares in the last quarter. Mariner LLC purchased a new position in Fidelity Municipal Bond Opportunities ETF during the fourth quarter valued at approximately $336,000. Finally, Aptus Capital Advisors LLC increased its stake in Fidelity Municipal Bond Opportunities ETF by 3.2% in the 4th quarter. Aptus Capital Advisors LLC now owns 17,559 shares of the company’s stock valued at $895,000 after buying an additional 537 shares during the period.

Fidelity Municipal Bond Opportunities ETF Price Performance

Shares of FMUB traded down $0.05 during mid-day trading on Friday, reaching $50.42. The company’s stock had a trading volume of 75,329 shares, compared to its average volume of 27,846. The business has a fifty day moving average of $51.22 and a 200 day moving average of $51.14. Fidelity Municipal Bond Opportunities ETF has a 1 year low of $47.81 and a 1 year high of $53.88.

Fidelity Municipal Bond Opportunities ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 26th were given a dividend of $0.131 per share. This represents a c) annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Thursday, February 26th.

About Fidelity Municipal Bond Opportunities ETF

The Fidelity Municipal Bond Opportunities ETF seeks to provide a high current yield exempt from federal income tax, with growth of capital as a secondary objective. The ETF normally invests at least 80% of its assets in municipal securities whose interest is exempt from federal income tax.