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 increase in short interest during the month of July. As of July 15th, there was short interest totaling 50,070 shares, an increase of 89.7% from the June 30th total of 26,396 shares. Approximately 1.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 50,178 shares, the days-to-cover ratio is presently 1.0 days.

Fidelity Municipal Bond Opportunities ETF Stock Down 0.0%

NASDAQ FMUB opened at $50.81 on Thursday. Fidelity Municipal Bond Opportunities ETF has a 1 year low of $49.43 and a 1 year high of $53.88. The business’s fifty day moving average is $51.17 and its two-hundred day moving average is $51.14.

Fidelity Municipal Bond Opportunities ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 29th were issued a $0.152 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Monday, June 29th. This is a positive change from Fidelity Municipal Bond Opportunities ETF’s previous monthly dividend of $0.13.

Institutional Investors Weigh In On Fidelity Municipal Bond Opportunities ETF

Several hedge funds have recently modified their holdings of FMUB. MCF Advisors LLC acquired a new position in shares of Fidelity Municipal Bond Opportunities ETF in the 4th quarter valued at $45,000. Flagship Harbor Advisors LLC purchased a new position in Fidelity Municipal Bond Opportunities ETF in the 4th quarter worth about $57,000. JPMorgan Chase & Co. acquired a new stake in Fidelity Municipal Bond Opportunities ETF during the 2nd quarter worth about $137,000. HRT Financial LP acquired a new stake in Fidelity Municipal Bond Opportunities ETF during the 4th quarter worth about $250,000. Finally, Cetera Investment Advisers purchased a new stake in Fidelity Municipal Bond Opportunities ETF during the first quarter valued at about $273,000.

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.