Short Interest in Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB) Declines By 26.3%

Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB) was the target of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 12,006 shares, a decline of 26.3% from the November 30th total of 16,288 shares. Based on an average daily volume of 11,696 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.5% of the company’s shares are sold short. Currently, 0.5% of the company’s shares are sold short. Based on an average daily volume of 11,696 shares, the days-to-cover ratio is currently 1.0 days.

Fidelity Municipal Bond Opportunities ETF Trading Down 0.4%

NASDAQ FMUB traded down $0.22 during mid-day trading on Tuesday, hitting $50.88. The company’s stock had a trading volume of 33,571 shares, compared to its average volume of 14,249. Fidelity Municipal Bond Opportunities ETF has a 52-week low of $47.81 and a 52-week high of $53.88. The stock’s fifty day simple moving average is $51.14 and its two-hundred day simple moving average is $50.52.

Fidelity Municipal Bond Opportunities ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 9th. Investors of record on Friday, December 5th were issued a dividend of $0.097 per share. The ex-dividend date was Friday, December 5th.

Institutional Trading of Fidelity Municipal Bond Opportunities ETF

Several large investors have recently added to or reduced their stakes in FMUB. CWM LLC lifted its stake in shares of Fidelity Municipal Bond Opportunities ETF by 18.3% during the third quarter. CWM LLC now owns 983,758 shares of the company’s stock worth $50,034,000 after purchasing an additional 152,100 shares in the last quarter. Landmark Wealth Management LLC raised its holdings in shares of Fidelity Municipal Bond Opportunities ETF by 32.5% during the 3rd quarter. Landmark Wealth Management LLC now owns 12,097 shares of the company’s stock valued at $615,000 after buying an additional 2,966 shares during the period. Commonwealth Equity Services LLC acquired a new position in Fidelity Municipal Bond Opportunities ETF during the 3rd quarter worth approximately $5,921,000. Avidian Wealth Enterprises LLC purchased a new position in Fidelity Municipal Bond Opportunities ETF in the 3rd quarter worth approximately $610,000. Finally, Hicks Capital Management LLC acquired a new stake in Fidelity Municipal Bond Opportunities ETF in the third quarter valued at approximately $516,000.

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.