Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB) Sees Significant Increase in Short Interest

Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 52,612 shares, an increase of 150.8% from the September 30th total of 20,978 shares. Currently, 0.9% of the company’s shares are sold short. Based on an average daily volume of 173,531 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Roxbury Financial LLC raised its position in Fidelity Municipal Bond Opportunities ETF by 101.0% in the 3rd quarter. Roxbury Financial LLC now owns 603 shares of the company’s stock valued at $29,000 after purchasing an additional 303 shares in the last quarter. MCF Advisors LLC boosted its holdings in Fidelity Municipal Bond Opportunities ETF by 45.5% in the second quarter. MCF Advisors LLC now owns 1,280 shares of the company’s stock valued at $66,000 after purchasing an additional 400 shares in the last quarter. IFP Advisors Inc acquired a new position in Fidelity Municipal Bond Opportunities ETF in the second quarter valued at $103,000. Integrated Wealth Concepts LLC purchased a new position in shares of Fidelity Municipal Bond Opportunities ETF during the second quarter worth about $123,000. Finally, Kestra Advisory Services LLC lifted its stake in Fidelity Municipal Bond Opportunities ETF by 38.2% in the first quarter. Kestra Advisory Services LLC now owns 13,376 shares of the company’s stock valued at $677,000 after buying an additional 3,700 shares during the last quarter.

Fidelity Municipal Bond Opportunities ETF Stock Up 0.3%

Shares of Fidelity Municipal Bond Opportunities ETF stock traded up $0.14 during trading on Friday, reaching $49.95. The company’s stock had a trading volume of 35,007 shares, compared to its average volume of 59,532. The company has a 50-day simple moving average of $49.35 and a two-hundred day simple moving average of $50.66. Fidelity Municipal Bond Opportunities ETF has a 1-year low of $47.75 and a 1-year high of $52.24.

Fidelity Municipal Bond Opportunities ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 29th will be given a dividend of $0.1210 per share. The ex-dividend date is Thursday, October 29th. This is a negative change from Fidelity Municipal Bond Opportunities ETF’s previous monthly dividend of $0.1570. This represents a $1.45 dividend on an annualized basis and a yield of 2.9%.

About Fidelity Municipal Bond Opportunities ETF

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.