Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB – Get Free Report) was the target of a significant decline in short interest in March. As of March 13th, there was short interest totaling 4,466 shares, a decline of 32.6% from the February 26th total of 6,630 shares. Based on an average daily trading volume, of 19,906 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in FMUB. MCF Advisors LLC purchased a new stake in Fidelity Municipal Bond Opportunities ETF during the 4th quarter worth approximately $45,000. Flagship Harbor Advisors LLC purchased a new position in Fidelity Municipal Bond Opportunities ETF in the 4th quarter valued at approximately $57,000. JPMorgan Chase & Co. acquired a new position in shares of Fidelity Municipal Bond Opportunities ETF in the second quarter worth $137,000. HRT Financial LP purchased a new stake in shares of Fidelity Municipal Bond Opportunities ETF during the fourth quarter worth $250,000. Finally, Sigma Planning Corp purchased a new stake in shares of Fidelity Municipal Bond Opportunities ETF during the fourth quarter worth $274,000.
Fidelity Municipal Bond Opportunities ETF Price Performance
FMUB traded up $0.06 during mid-day trading on Monday, hitting $50.48. 506,628 shares of the stock were exchanged, compared to its average volume of 35,825. The firm’s fifty day moving average is $51.20 and its two-hundred day moving average is $51.14. Fidelity Municipal Bond Opportunities ETF has a 1-year low of $47.81 and a 1-year high of $53.88.
Fidelity Municipal Bond Opportunities ETF Announces Dividend
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.
See Also
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