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 large growth in short interest in 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. Currently, 1.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 50,178 shares, the short-interest ratio is presently 1.0 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. MCF Advisors LLC bought a new stake in Fidelity Municipal Bond Opportunities ETF in the fourth quarter worth about $45,000. Flagship Harbor Advisors LLC acquired a new stake in Fidelity Municipal Bond Opportunities ETF in the 4th quarter valued at about $57,000. JPMorgan Chase & Co. acquired a new stake in Fidelity Municipal Bond Opportunities ETF in the 2nd quarter valued at about $137,000. HRT Financial LP bought a new position in shares of Fidelity Municipal Bond Opportunities ETF during the 4th quarter valued at about $250,000. Finally, Sigma Planning Corp bought a new position in shares of Fidelity Municipal Bond Opportunities ETF during the 4th quarter valued at about $274,000.

Fidelity Municipal Bond Opportunities ETF Stock Performance

FMUB stock opened at $50.81 on Thursday. Fidelity Municipal Bond Opportunities ETF has a 52 week low of $49.43 and a 52 week high of $53.88. The firm’s 50-day moving average is $51.17 and its two-hundred day moving average is $51.14.

Fidelity Municipal Bond Opportunities ETF Increases Dividend

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

About Fidelity Municipal Bond Opportunities ETF

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.