Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB) Stock Short Interest Drops 51.1%

Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 20,978 shares, a decline of 51.1% from the September 15th total of 42,911 shares. Based on an average trading volume of 86,899 shares, the short-interest ratio is presently 0.2 days. Approximately 0.4% of the company’s stock are sold short.

Fidelity Municipal Bond Opportunities ETF Trading Down 0.0%

FMUB traded down $0.01 during midday trading on Friday, hitting $49.05. The company had a trading volume of 61,266 shares, compared to its average volume of 49,299. The stock’s 50 day moving average price is $49.60 and its 200 day moving average price is $50.54. Fidelity Municipal Bond Opportunities ETF has a 52 week low of $47.75 and a 52 week high of $53.88.

Fidelity Municipal Bond Opportunities ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, October 1st. Investors of record on Tuesday, September 29th were given a $0.1570 dividend. This represents a $1.88 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Tuesday, September 29th. This is a positive change from Fidelity Municipal Bond Opportunities ETF’s previous monthly dividend of $0.1430.

Institutional Investors Weigh In On Fidelity Municipal Bond Opportunities ETF

Institutional investors have recently added to or reduced their stakes in the company. Roxbury Financial LLC increased its position in shares of Fidelity Municipal Bond Opportunities ETF by 101.0% during the third quarter. Roxbury Financial LLC now owns 603 shares of the company’s stock valued at $29,000 after acquiring an additional 303 shares during the last quarter. MCF Advisors LLC lifted its holdings in shares of Fidelity Municipal Bond Opportunities ETF by 45.5% in the second quarter. MCF Advisors LLC now owns 1,280 shares of the company’s stock worth $66,000 after buying an additional 400 shares in the last quarter. IFP Advisors Inc bought a new position in Fidelity Municipal Bond Opportunities ETF in the 2nd quarter valued at $103,000. Integrated Wealth Concepts LLC bought a new stake in Fidelity Municipal Bond Opportunities ETF during the second quarter valued at $123,000. Finally, NewEdge Advisors LLC purchased a new position in shares of Fidelity Municipal Bond Opportunities ETF during the second quarter worth about $235,000.

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.