Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB) Sees Large Growth in Short Interest

Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUBGet Free Report) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 60,505 shares, an increase of 63.7% from the August 15th total of 36,964 shares. Based on an average daily volume of 56,751 shares, the days-to-cover ratio is presently 1.1 days. Approximately 1.3% of the shares of the stock are short sold.

Fidelity Municipal Bond Opportunities ETF Trading Up 0.1%

FMUB stock opened at $49.42 on Thursday. The firm has a 50-day moving average of $50.54 and a two-hundred day moving average of $50.90. Fidelity Municipal Bond Opportunities ETF has a 12 month low of $49.34 and a 12 month high of $53.88.

Fidelity Municipal Bond Opportunities ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 28th were issued a dividend of $0.143 per share. The ex-dividend date was Friday, August 28th. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. This is an increase from Fidelity Municipal Bond Opportunities ETF’s previous monthly dividend of $0.14.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of FMUB. MCF Advisors LLC purchased a new stake in Fidelity Municipal Bond Opportunities ETF in the fourth quarter valued at approximately $45,000. IFP Advisors Inc purchased a new position in Fidelity Municipal Bond Opportunities ETF in the 2nd quarter valued at approximately $103,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Fidelity Municipal Bond Opportunities ETF in the second quarter valued at $123,000. NewEdge Advisors LLC purchased a new stake in Fidelity Municipal Bond Opportunities ETF during the 2nd quarter worth about $235,000. Finally, Cetera Investment Advisers acquired a new position in shares of Fidelity Municipal Bond Opportunities ETF during the first quarter worth about $273,000.

Fidelity Municipal Bond Opportunities ETF Company Profile

(Get Free Report)

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.

Further Reading

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