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 growth in short interest in September. As of September 15th, there was short interest totaling 2,931 shares, a growth of 685.8% from the August 31st total of 373 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 10,855 shares, the short-interest ratio is currently 0.3 days.

Fidelity Systematic Municipal Bond Index ETF Stock Performance

FMUN stock traded down $0.13 during trading on Thursday, hitting $47.39. The company had a trading volume of 33,285 shares, compared to its average volume of 12,278. The business has a 50 day moving average of $49.16 and a 200 day moving average of $49.80. Fidelity Systematic Municipal Bond Index ETF has a fifty-two week low of $47.21 and a fifty-two week high of $51.25.

Fidelity Systematic Municipal Bond Index ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 28th were paid a dividend of $0.1410 per share. This is a boost from Fidelity Systematic Municipal Bond Index ETF’s previous monthly dividend of $0.1360. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Friday, August 28th.

Hedge Funds Weigh In On Fidelity Systematic Municipal Bond Index ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Financial Planning Fort Collins LLC increased its position 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 valued at $1,909,000 after purchasing an additional 594 shares during the period. Ameritas Advisory Services LLC bought a new position in Fidelity Systematic Municipal Bond Index ETF during the second quarter valued at about $639,000. Nwam LLC acquired a new position in Fidelity Systematic Municipal Bond Index ETF during the second quarter worth about $350,000. Quantinno Capital Management LP bought a new stake in Fidelity Systematic Municipal Bond Index ETF in the first quarter worth about $254,000. Finally, Kestra Advisory Services LLC lifted its holdings in Fidelity Systematic Municipal Bond Index ETF by 22.5% in the 1st quarter. Kestra Advisory Services LLC now owns 4,109 shares of the company’s stock valued at $204,000 after acquiring an additional 754 shares during the last quarter.

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.