Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB) Shares Shorted: Short Interest Down 51.1% in September

Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 20,978 shares, a decrease of 51.1% from the September 15th total of 42,911 shares. Based on an average daily volume of 86,899 shares, the short-interest ratio is presently 0.2 days. Currently, 0.4% of the shares of the stock are short sold.

Fidelity Municipal Bond Opportunities ETF Trading Down 0.3%

Shares of NASDAQ FMUB traded down $0.13 during trading on Wednesday, reaching $48.68. The company had a trading volume of 58,153 shares, compared to its average volume of 48,879. The company’s fifty day moving average price is $49.67 and its 200-day moving average price is $50.56. Fidelity Municipal Bond Opportunities ETF has a 12 month low of $47.75 and a 12 month high of $53.88.

Fidelity Municipal Bond Opportunities ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 29th were issued a $0.1570 dividend. The ex-dividend date was Tuesday, September 29th. This is a positive change from Fidelity Municipal Bond Opportunities ETF’s previous monthly dividend of $0.1430. This represents a $1.88 dividend on an annualized basis and a yield of 3.9%.

Institutional Trading of Fidelity Municipal Bond Opportunities ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FMUB. Roxbury Financial LLC grew its holdings in shares of Fidelity Municipal Bond Opportunities ETF by 101.0% during the third quarter. Roxbury Financial LLC now owns 603 shares of the company’s stock worth $29,000 after purchasing an additional 303 shares in the last quarter. MCF Advisors LLC increased its stake in Fidelity Municipal Bond Opportunities ETF by 45.5% in the 2nd quarter. MCF Advisors LLC now owns 1,280 shares of the company’s stock worth $66,000 after purchasing an additional 400 shares during the period. IFP Advisors Inc purchased a new position in shares of Fidelity Municipal Bond Opportunities ETF in the second quarter worth $103,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Fidelity Municipal Bond Opportunities ETF during the second quarter worth about $123,000. Finally, Kestra Advisory Services LLC grew its position 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.

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.