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

Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 20,978 shares, a decline of 51.1% from the September 15th total of 42,911 shares. Based on an average daily volume of 86,899 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.4% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FMUB. Lineweaver Wealth Advisors LLC bought a new position in Fidelity Municipal Bond Opportunities ETF during the third quarter worth about $1,429,000. Avidian Wealth Enterprises LLC acquired a new position in Fidelity Municipal Bond Opportunities ETF in the third quarter valued at approximately $1,241,000. Envestnet Asset Management Inc. boosted its position in shares of Fidelity Municipal Bond Opportunities ETF by 43.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 18,126 shares of the company’s stock worth $932,000 after purchasing an additional 5,452 shares during the last quarter. Gainline Financial Partners LLC acquired a new stake in shares of Fidelity Municipal Bond Opportunities ETF in the 2nd quarter valued at approximately $695,000. Finally, Kestra Advisory Services LLC grew its holdings in shares of Fidelity Municipal Bond Opportunities ETF by 38.2% in the 1st 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 period.

Fidelity Municipal Bond Opportunities ETF Price Performance

Shares of NASDAQ FMUB traded up $0.37 during trading hours on Thursday, hitting $49.07. 65,653 shares of the stock were exchanged, compared to its average volume of 49,264. Fidelity Municipal Bond Opportunities ETF has a one year low of $47.75 and a one year high of $53.88. The company’s 50 day moving average is $49.63 and its 200 day moving average is $50.55.

Fidelity Municipal Bond Opportunities ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 29th were given a $0.1570 dividend. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $1.88 annualized dividend and a yield of 3.8%. This is an increase from Fidelity Municipal Bond Opportunities ETF’s previous monthly dividend of $0.1430.

Fidelity Municipal Bond Opportunities ETF Company Profile

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.