Short Interest in Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB) Declines By 94.3%

Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB) saw a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 214 shares, a drop of 94.3% from the December 31st total of 3,745 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 96,005 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 96,005 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Investors Weigh In On Fidelity Municipal Bond Opportunities ETF

Several hedge funds have recently modified their holdings of FMUB. JPMorgan Chase & Co. acquired a new stake in Fidelity Municipal Bond Opportunities ETF during the second quarter worth approximately $137,000. Jane Street Group LLC bought a new position in Fidelity Municipal Bond Opportunities ETF in the 2nd quarter worth approximately $1,093,000. Osaic Holdings Inc. purchased a new stake in shares of Fidelity Municipal Bond Opportunities ETF during the second quarter worth $273,000. CWM LLC grew its position in shares of Fidelity Municipal Bond Opportunities ETF by 18.3% in the third quarter. CWM LLC now owns 983,758 shares of the company’s stock valued at $50,034,000 after purchasing an additional 152,100 shares in the last quarter. Finally, Commonwealth Equity Services LLC bought a new position in Fidelity Municipal Bond Opportunities ETF in the 3rd quarter worth about $5,921,000.

Fidelity Municipal Bond Opportunities ETF Stock Performance

Shares of FMUB remained flat at $51.17 during mid-day trading on Wednesday. 4,617 shares of the stock traded hands, compared to its average volume of 29,518. The stock has a 50 day moving average of $51.10 and a 200-day moving average of $50.73. Fidelity Municipal Bond Opportunities ETF has a 12 month low of $47.81 and a 12 month high of $53.88.

Fidelity Municipal Bond Opportunities ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, January 2nd. Shareholders of record on Tuesday, December 30th were paid a dividend of $0.146 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a c) annualized dividend and a yield of 3.4%.

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.