Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN) Short Interest Update

Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 6,906 shares, a growth of 957.6% from the July 30th total of 653 shares. Based on an average daily trading volume, of 12,803 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the company’s stock are sold short.

Fidelity Systematic Municipal Bond Index ETF Stock Performance

FMUN stock traded up $0.03 during mid-day trading on Tuesday, hitting $49.55. The company had a trading volume of 12,859 shares, compared to its average volume of 12,138. Fidelity Systematic Municipal Bond Index ETF has a 12 month low of $48.55 and a 12 month high of $51.25. The stock’s fifty day moving average price is $50.01 and its two-hundred day moving average price is $50.19.

Fidelity Systematic Municipal Bond Index ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, August 3rd. Shareholders of record on Thursday, July 30th were paid a $0.136 dividend. The ex-dividend date was Thursday, July 30th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Global Retirement Partners LLC bought a new stake in Fidelity Systematic Municipal Bond Index ETF in the 4th quarter valued at about $2,189,000. Sigma Planning Corp bought a new position in Fidelity Systematic Municipal Bond Index ETF during the fourth quarter worth about $346,000. Ameritas Advisory Services LLC purchased a new position in shares of Fidelity Systematic Municipal Bond Index ETF in the second quarter worth about $639,000. Financial Planning Fort Collins LLC purchased a new position in shares of Fidelity Systematic Municipal Bond Index ETF in the fourth quarter worth about $1,733,000. Finally, Mars Jewett Financial Group Inc. purchased a new position in shares of Fidelity Systematic Municipal Bond Index ETF in the fourth quarter worth about $653,000.

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.