Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN) Short Interest Update

Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 653 shares, a decrease of 90.1% from the July 15th total of 6,624 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 11,313 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Fidelity Systematic Municipal Bond Index ETF

Several large investors have recently modified their holdings of the stock. Jane Street Group LLC bought a new position in Fidelity Systematic Municipal Bond Index ETF during the 2nd quarter valued at about $6,639,000. Global Retirement Partners LLC bought a new stake in shares of Fidelity Systematic Municipal Bond Index ETF in the fourth quarter worth approximately $2,189,000. Financial Planning Fort Collins LLC purchased a new position in shares of Fidelity Systematic Municipal Bond Index ETF during the fourth quarter valued at approximately $1,733,000. Mars Jewett Financial Group Inc. purchased a new position in shares of Fidelity Systematic Municipal Bond Index ETF during the fourth quarter valued at approximately $653,000. Finally, Sigma Planning Corp bought a new position in Fidelity Systematic Municipal Bond Index ETF during the fourth quarter valued at approximately $346,000.

Fidelity Systematic Municipal Bond Index ETF Trading Up 0.2%

Shares of NASDAQ FMUN traded up $0.09 during midday trading on Tuesday, reaching $49.79. The company had a trading volume of 20,770 shares, compared to its average volume of 12,147. Fidelity Systematic Municipal Bond Index ETF has a one year low of $48.55 and a one year high of $51.25. The firm’s fifty day moving average price is $50.12 and its 200-day moving average price is $50.24.

Fidelity Systematic Municipal Bond Index ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, August 3rd. Investors of record on Thursday, July 30th were paid a dividend of $0.136 per share. The ex-dividend date of this dividend was Thursday, July 30th.

About Fidelity Systematic Municipal Bond Index ETF

The Fidelity Systematic Municipal Bond Index ETF aims to provide a high current yield exempt from federal income tax by investing at least 80% of its assets in municipal securities included in the Fidelity Systematic U.S. Municipal Bond Index.