Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN) Short Interest Down 49.5% in July

Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN) saw a significant decline in short interest in July. As of July 15th, there was short interest totaling 6,624 shares, a decline of 49.5% from the June 30th total of 13,128 shares. Based on an average daily trading volume, of 8,320 shares, the short-interest ratio is currently 0.8 days. Currently, 0.2% of the shares of the company are short sold.

Fidelity Systematic Municipal Bond Index ETF Trading Down 0.3%

FMUN stock traded down $0.16 during midday trading on Wednesday, reaching $49.63. The stock had a trading volume of 11,169 shares, compared to its average volume of 11,964. The company’s fifty day simple moving average is $50.20 and its 200 day simple moving average is $50.31. Fidelity Systematic Municipal Bond Index ETF has a 52-week low of $48.26 and a 52-week high of $51.25.

Fidelity Systematic Municipal Bond Index ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 29th were given a dividend of $0.142 per share. 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. This represents a c) annualized dividend and a yield of 3.4%.

Institutional Trading of Fidelity Systematic Municipal Bond Index ETF

Institutional investors have recently made changes to their positions in the company. Jane Street Group LLC acquired a new position in Fidelity Systematic Municipal Bond Index ETF during the 2nd quarter worth about $6,639,000. Global Retirement Partners LLC purchased a new stake in Fidelity Systematic Municipal Bond Index ETF during the fourth quarter worth about $2,189,000. Financial Planning Fort Collins LLC lifted its position in shares of Fidelity Systematic Municipal Bond Index ETF by 1.6% during the second quarter. Financial Planning Fort Collins LLC now owns 37,887 shares of the company’s stock worth $1,909,000 after purchasing an additional 594 shares in the last quarter. Mars Jewett Financial Group Inc. acquired a new stake in shares of Fidelity Systematic Municipal Bond Index ETF during the fourth quarter worth about $653,000. Finally, Embree Financial Group acquired a new stake in shares of Fidelity Systematic Municipal Bond Index ETF during the fourth quarter worth about $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.