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 drop in short interest during the month of July. As of July 15th, there was short interest totaling 6,624 shares, a drop of 49.5% from the June 30th total of 13,128 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 8,320 shares, the days-to-cover ratio is currently 0.8 days.

Fidelity Systematic Municipal Bond Index ETF Stock Performance

NASDAQ FMUN traded up $0.06 during trading on Tuesday, hitting $49.81. The company’s stock had a trading volume of 158 shares, compared to its average volume of 11,919. Fidelity Systematic Municipal Bond Index ETF has a 52 week low of $48.26 and a 52 week high of $51.25. The firm has a 50 day moving average price of $50.20 and a 200 day moving average price of $50.31.

Fidelity Systematic Municipal Bond Index ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 29th were paid a dividend of $0.142 per share. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date was Monday, June 29th. This is an increase from Fidelity Systematic Municipal Bond Index ETF’s previous monthly dividend of $0.13.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FMUN. Jane Street Group LLC acquired a new position in shares of Fidelity Systematic Municipal Bond Index ETF during the second quarter valued at about $6,639,000. Global Retirement Partners LLC bought a new position in Fidelity Systematic Municipal Bond Index ETF during the fourth quarter valued at about $2,189,000. Financial Planning Fort Collins LLC bought a new position in Fidelity Systematic Municipal Bond Index ETF during the fourth quarter valued at about $1,733,000. Mars Jewett Financial Group Inc. acquired a new position in Fidelity Systematic Municipal Bond Index ETF in the 4th quarter valued at approximately $653,000. Finally, Embree Financial Group acquired a new position in Fidelity Systematic Municipal Bond Index ETF in the 4th quarter valued at approximately $559,000.

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.