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

Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 2,931 shares, an increase of 685.8% from the August 31st total of 373 shares. Based on an average trading volume of 10,855 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

Fidelity Systematic Municipal Bond Index ETF Price Performance

NASDAQ FMUN traded down $0.14 on Friday, reaching $47.25. The company’s stock had a trading volume of 23,446 shares, compared to its average volume of 12,338. The firm’s 50 day moving average is $49.10 and its two-hundred day moving average is $49.79. Fidelity Systematic Municipal Bond Index ETF has a twelve month low of $47.11 and a twelve month high of $51.25.

Fidelity Systematic Municipal Bond Index ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 28th were given a $0.1410 dividend. This is a positive change from Fidelity Systematic Municipal Bond Index ETF’s previous monthly dividend of $0.1360. The ex-dividend date was Friday, August 28th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.6%.

Institutional Trading of Fidelity Systematic Municipal Bond Index ETF

A number of hedge funds have recently bought and sold shares of FMUN. Ameritas Advisory Services LLC purchased a new position in shares of Fidelity Systematic Municipal Bond Index ETF in the second quarter worth approximately $639,000. Kestra Advisory Services LLC grew its position in Fidelity Systematic Municipal Bond Index ETF by 22.5% during the 1st quarter. Kestra Advisory Services LLC now owns 4,109 shares of the company’s stock worth $204,000 after purchasing an additional 754 shares in the last quarter. Financial Planning Fort Collins LLC raised its stake in Fidelity Systematic Municipal Bond Index ETF by 1.6% during the 2nd quarter. Financial Planning Fort Collins LLC now owns 37,887 shares of the company’s stock valued at $1,909,000 after purchasing an additional 594 shares during the period. Quantinno Capital Management LP purchased a new stake in shares of Fidelity Systematic Municipal Bond Index ETF in the first quarter valued at $254,000. Finally, Nwam LLC acquired a new stake in shares of Fidelity Systematic Municipal Bond Index ETF in the second quarter worth $350,000.

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.