Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN) Stock Short Interest Report for October

Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 16,612 shares, a growth of 171.6% from the September 30th total of 6,116 shares. Based on an average daily trading volume, of 21,256 shares, the short-interest ratio is presently 0.8 days. Approximately 0.5% of the shares of the company are short sold.

Institutional Trading of Fidelity Systematic Municipal Bond Index ETF

Several hedge funds have recently made changes to their positions in FMUN. Financial Planning Fort Collins LLC increased its holdings in Fidelity Systematic Municipal Bond Index ETF by 1.6% in the 2nd quarter. Financial Planning Fort Collins LLC now owns 37,887 shares of the company’s stock worth $1,909,000 after acquiring an additional 594 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in Fidelity Systematic Municipal Bond Index ETF during the 2nd quarter valued at $639,000. Nwam LLC bought a new stake in Fidelity Systematic Municipal Bond Index ETF during the 2nd quarter valued at $350,000. Single Point Partners LLC bought a new position in shares of Fidelity Systematic Municipal Bond Index ETF in the third quarter worth $274,000. Finally, Quantinno Capital Management LP bought a new position in shares of Fidelity Systematic Municipal Bond Index ETF in the first quarter worth $254,000.

Fidelity Systematic Municipal Bond Index ETF Trading Down 0.3%

Shares of FMUN stock traded down $0.15 during trading hours on Thursday, hitting $48.51. 8,343 shares of the company were exchanged, compared to its average volume of 14,638. The firm has a fifty day simple moving average of $48.12 and a 200 day simple moving average of $49.71. Fidelity Systematic Municipal Bond Index ETF has a 52-week low of $46.32 and a 52-week high of $51.25.

Fidelity Systematic Municipal Bond Index ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 29th will be given a $0.1310 dividend. This is a decrease from Fidelity Systematic Municipal Bond Index ETF’s previous monthly dividend of $0.1430. This represents a $1.57 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Thursday, October 29th.

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.