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

Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 373 shares, a decline of 94.6% from the August 15th total of 6,906 shares. Based on an average trading volume of 12,137 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Investors Weigh In On Fidelity Systematic Municipal Bond Index ETF

Several hedge funds have recently added to or reduced their stakes in the business. Advisory Services Network LLC purchased a new position in shares of Fidelity Systematic Municipal Bond Index ETF during the 3rd quarter valued at about $29,000. Kestra Advisory Services LLC purchased a new stake in shares of Fidelity Systematic Municipal Bond Index ETF in the fourth quarter worth about $169,000. Quantinno Capital Management LP purchased a new stake in shares of Fidelity Systematic Municipal Bond Index ETF in the first quarter worth about $254,000. Nwam LLC purchased a new stake in shares of Fidelity Systematic Municipal Bond Index ETF in the second quarter worth about $350,000. Finally, Ameritas Advisory Services LLC acquired a new stake in Fidelity Systematic Municipal Bond Index ETF during the second quarter worth about $639,000.

Fidelity Systematic Municipal Bond Index ETF Stock Down 1.0%

Shares of FMUN stock traded down $0.48 during trading hours on Thursday, hitting $48.14. The company’s stock had a trading volume of 3,678 shares, compared to its average volume of 12,006. The company has a 50 day moving average of $49.63 and a 200 day moving average of $50.01. Fidelity Systematic Municipal Bond Index ETF has a 12-month low of $48.15 and a 12-month high of $51.25.

Fidelity Systematic Municipal Bond Index ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 28th were given a dividend of $0.141 per share. This is a boost from Fidelity Systematic Municipal Bond Index ETF’s previous monthly dividend of $0.14. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Friday, August 28th.

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.