Short Interest in Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB) Rises By 89.7%

Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 50,070 shares, a growth of 89.7% from the June 30th total of 26,396 shares. Based on an average daily volume of 50,178 shares, the short-interest ratio is presently 1.0 days. Currently, 1.1% of the company’s stock are sold short.

Institutional Investors Weigh In On Fidelity Municipal Bond Opportunities ETF

A number of hedge funds have recently added to or reduced their stakes in the company. MCF Advisors LLC bought a new stake in shares of Fidelity Municipal Bond Opportunities ETF during the fourth quarter valued at approximately $45,000. Flagship Harbor Advisors LLC bought a new position in shares of Fidelity Municipal Bond Opportunities ETF in the 4th quarter worth $57,000. JPMorgan Chase & Co. bought a new position in shares of Fidelity Municipal Bond Opportunities ETF in the 2nd quarter worth $137,000. HRT Financial LP acquired a new stake in Fidelity Municipal Bond Opportunities ETF in the 4th quarter valued at $250,000. Finally, Sigma Planning Corp acquired a new stake in Fidelity Municipal Bond Opportunities ETF in the 4th quarter valued at $274,000.

Fidelity Municipal Bond Opportunities ETF Stock Performance

Shares of FMUB opened at $50.47 on Friday. The stock has a 50-day moving average of $51.16 and a 200-day moving average of $51.13. Fidelity Municipal Bond Opportunities ETF has a one year low of $49.59 and a one year high of $53.88.

Fidelity Municipal Bond Opportunities ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Investors of record on Thursday, July 30th will be paid a dividend of $0.142 per share. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Thursday, July 30th.

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.