Short Interest in Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB) Drops By 94.3%

Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB) saw a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 214 shares, a drop of 94.3% from the December 31st total of 3,745 shares. Based on an average daily volume of 96,005 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 96,005 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On Fidelity Municipal Bond Opportunities ETF

A number of large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. bought a new stake in Fidelity Municipal Bond Opportunities ETF during the second quarter valued at approximately $137,000. Jane Street Group LLC bought a new position in shares of Fidelity Municipal Bond Opportunities ETF during the 2nd quarter valued at approximately $1,093,000. Osaic Holdings Inc. purchased a new stake in Fidelity Municipal Bond Opportunities ETF in the 2nd quarter worth approximately $273,000. CWM LLC raised its stake in Fidelity Municipal Bond Opportunities ETF by 18.3% during the 3rd quarter. CWM LLC now owns 983,758 shares of the company’s stock worth $50,034,000 after acquiring an additional 152,100 shares during the period. Finally, Commonwealth Equity Services LLC purchased a new position in Fidelity Municipal Bond Opportunities ETF during the third quarter valued at approximately $5,921,000.

Fidelity Municipal Bond Opportunities ETF Price Performance

FMUB traded up $0.01 during mid-day trading on Wednesday, reaching $51.18. 4,254 shares of the company traded hands, compared to its average volume of 29,497. The company’s fifty day moving average price is $51.10 and its 200-day moving average price is $50.73. Fidelity Municipal Bond Opportunities ETF has a 52-week low of $47.81 and a 52-week high of $53.88.

Fidelity Municipal Bond Opportunities ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, January 2nd. Investors of record on Tuesday, December 30th were given a dividend of $0.146 per share. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Tuesday, December 30th.

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.