Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB) Sees Significant Increase in Short Interest

Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 60,505 shares, a growth of 63.7% from the August 15th total of 36,964 shares. Approximately 1.3% of the company’s stock are short sold. Based on an average daily trading volume, of 56,751 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Investors Weigh In On Fidelity Municipal Bond Opportunities ETF

Institutional investors have recently added to or reduced their stakes in the company. Gainline Financial Partners LLC purchased a new stake in Fidelity Municipal Bond Opportunities ETF in the 2nd quarter valued at about $695,000. Kestra Advisory Services LLC boosted its stake in shares of Fidelity Municipal Bond Opportunities ETF by 38.2% in the 1st quarter. Kestra Advisory Services LLC now owns 13,376 shares of the company’s stock worth $677,000 after buying an additional 3,700 shares during the last quarter. Cetera Investment Advisers purchased a new position in shares of Fidelity Municipal Bond Opportunities ETF in the 1st quarter worth approximately $273,000. NewEdge Advisors LLC bought a new position in shares of Fidelity Municipal Bond Opportunities ETF in the second quarter valued at approximately $235,000. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Fidelity Municipal Bond Opportunities ETF in the second quarter valued at approximately $123,000.

Fidelity Municipal Bond Opportunities ETF Stock Up 0.2%

FMUB opened at $49.52 on Friday. The firm’s fifty day moving average price is $50.50 and its two-hundred day moving average price is $50.88. Fidelity Municipal Bond Opportunities ETF has a 1 year low of $49.34 and a 1 year high of $53.88.

Fidelity Municipal Bond Opportunities ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 28th were given a dividend of $0.143 per share. The ex-dividend date of this dividend was Friday, August 28th. This is an increase from Fidelity Municipal Bond Opportunities ETF’s previous monthly dividend of $0.14. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%.

Fidelity Municipal Bond Opportunities ETF Company Profile

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.