Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN) Sees Significant Growth in Short Interest

Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUNGet Free Report) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 6,906 shares, a growth of 957.6% from the July 30th total of 653 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 12,803 shares, the short-interest ratio is presently 0.5 days.

Fidelity Systematic Municipal Bond Index ETF Stock Down 0.0%

Shares of NASDAQ FMUN traded down $0.01 during mid-day trading on Thursday, hitting $49.50. The company’s stock had a trading volume of 2,436 shares, compared to its average volume of 12,043. Fidelity Systematic Municipal Bond Index ETF has a one year low of $48.55 and a one year high of $51.25. The company’s fifty day simple moving average is $49.98 and its 200-day simple moving average is $50.17.

Fidelity Systematic Municipal Bond Index ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, August 3rd. Investors of record on Thursday, July 30th were given a $0.136 dividend. The ex-dividend date of this dividend was Thursday, July 30th.

Hedge Funds Weigh In On Fidelity Systematic Municipal Bond Index ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC acquired a new position in Fidelity Systematic Municipal Bond Index ETF in the 2nd quarter valued at about $6,639,000. Advisory Services Network LLC acquired a new stake in shares of Fidelity Systematic Municipal Bond Index ETF during the third quarter worth $29,000. Sigma Planning Corp acquired a new stake in shares of Fidelity Systematic Municipal Bond Index ETF during the fourth quarter worth $346,000. Global Retirement Partners LLC bought a new stake in shares of Fidelity Systematic Municipal Bond Index ETF in the fourth quarter valued at about $2,189,000. Finally, Kestra Advisory Services LLC acquired a new position in shares of Fidelity Systematic Municipal Bond Index ETF in the fourth quarter valued at about $169,000.

About Fidelity Systematic Municipal Bond Index ETF

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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.

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