Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN) Short Interest Update

Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 373 shares, a decline of 94.6% from the August 15th total of 6,906 shares. Based on an average daily trading volume, of 12,137 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Institutional Trading of Fidelity Systematic Municipal Bond Index ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC purchased a new stake in Fidelity Systematic Municipal Bond Index ETF during the 2nd quarter valued at about $639,000. Nwam LLC purchased a new position in shares of Fidelity Systematic Municipal Bond Index ETF in the second quarter worth about $350,000. Financial Planning Fort Collins LLC lifted its holdings 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 during the period. Quantinno Capital Management LP acquired a new stake in shares of Fidelity Systematic Municipal Bond Index ETF during the first quarter worth about $254,000. Finally, Kestra Advisory Services LLC boosted its position in Fidelity Systematic Municipal Bond Index ETF by 22.5% in the first quarter. Kestra Advisory Services LLC now owns 4,109 shares of the company’s stock valued at $204,000 after buying an additional 754 shares during the last quarter.

Fidelity Systematic Municipal Bond Index ETF Trading Down 1.0%

Shares of NASDAQ FMUN traded down $0.48 during midday trading on Thursday, reaching $48.14. The company had a trading volume of 3,678 shares, compared to its average volume of 12,006. The business’s 50-day simple moving average is $49.63 and its 200 day simple moving average is $50.01. Fidelity Systematic Municipal Bond Index ETF has a 1 year low of $48.15 and a 1 year high of $51.25.

Fidelity Systematic Municipal Bond Index ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 28th were given a $0.141 dividend. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, August 28th. This is a positive change from Fidelity Systematic Municipal Bond Index ETF’s previous monthly dividend of $0.14.

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.