Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN) Stock Short Interest Report for September

Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 6,116 shares, an increase of 108.7% from the September 15th total of 2,931 shares. Based on an average daily volume of 24,600 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Trading of Fidelity Systematic Municipal Bond Index ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Kestra Advisory Services LLC increased its position in Fidelity Systematic Municipal Bond Index ETF by 22.5% in the first quarter. Kestra Advisory Services LLC now owns 4,109 shares of the company’s stock worth $204,000 after purchasing an additional 754 shares during the period. Quantinno Capital Management LP bought a new stake in shares of Fidelity Systematic Municipal Bond Index ETF in the first quarter valued at about $254,000. Nwam LLC acquired a new position in Fidelity Systematic Municipal Bond Index ETF during the 2nd quarter worth approximately $350,000. Ameritas Advisory Services LLC acquired a new position in Fidelity Systematic Municipal Bond Index ETF during the second quarter worth $639,000. Finally, Financial Planning Fort Collins LLC boosted its stake in shares of Fidelity Systematic Municipal Bond Index ETF by 1.6% during the 2nd quarter. Financial Planning Fort Collins LLC now owns 37,887 shares of the company’s stock worth $1,909,000 after buying an additional 594 shares during the last quarter.

Fidelity Systematic Municipal Bond Index ETF Trading Up 1.0%

FMUN stock traded up $0.49 on Thursday, reaching $47.74. 4,239 shares of the company were exchanged, compared to its average volume of 13,153. Fidelity Systematic Municipal Bond Index ETF has a 12 month low of $46.32 and a 12 month high of $51.25. The stock’s fifty day moving average price is $48.41 and its 200 day moving average price is $49.50.

Fidelity Systematic Municipal Bond Index ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, October 1st. Stockholders of record on Tuesday, September 29th were paid a $0.1430 dividend. The ex-dividend date was Tuesday, September 29th. This represents a $1.72 annualized dividend and a dividend yield of 3.6%. This is an increase from Fidelity Systematic Municipal Bond Index ETF’s previous monthly dividend of $0.1410.

Fidelity Systematic Municipal Bond Index ETF Company Profile

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.