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

Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 6,624 shares, a decrease of 49.5% from the June 30th total of 13,128 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 8,320 shares, the days-to-cover ratio is currently 0.8 days.

Fidelity Systematic Municipal Bond Index ETF Price Performance

FMUN traded down $0.24 during midday trading on Thursday, reaching $49.39. 16,662 shares of the company were exchanged, compared to its average volume of 11,996. Fidelity Systematic Municipal Bond Index ETF has a one year low of $48.35 and a one year high of $51.25. The stock’s 50-day simple moving average is $50.20 and its 200 day simple moving average is $50.30.

Fidelity Systematic Municipal Bond Index ETF Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, August 3rd. Investors of record on Thursday, July 30th will be given a $0.136 dividend. The ex-dividend date is Thursday, July 30th.

Hedge Funds Weigh In On Fidelity Systematic Municipal Bond Index ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC acquired a new stake in Fidelity Systematic Municipal Bond Index ETF during the 2nd quarter worth approximately $6,639,000. Global Retirement Partners LLC bought a new position in Fidelity Systematic Municipal Bond Index ETF in the fourth quarter valued at approximately $2,189,000. Financial Planning Fort Collins LLC boosted its holdings in shares of Fidelity Systematic Municipal Bond Index ETF by 1.6% in the second quarter. Financial Planning Fort Collins LLC now owns 37,887 shares of the company’s stock valued at $1,909,000 after buying an additional 594 shares during the period. Mars Jewett Financial Group Inc. acquired a new position in shares of Fidelity Systematic Municipal Bond Index ETF in the fourth quarter valued at approximately $653,000. Finally, Embree Financial Group bought a new stake in shares of Fidelity Systematic Municipal Bond Index ETF during the fourth quarter worth $559,000.

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.