Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB) Stock Short Interest Report for October

Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 52,612 shares, an increase of 150.8% from the September 30th total of 20,978 shares. Approximately 0.9% of the shares of the stock are short sold. Based on an average trading volume of 173,531 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Fidelity Municipal Bond Opportunities ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Roxbury Financial LLC increased its holdings in shares of Fidelity Municipal Bond Opportunities ETF by 101.0% in the 3rd quarter. Roxbury Financial LLC now owns 603 shares of the company’s stock valued at $29,000 after purchasing an additional 303 shares during the period. MCF Advisors LLC increased its position in Fidelity Municipal Bond Opportunities ETF by 45.5% during 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 during the last quarter. IFP Advisors Inc acquired a new position in shares of Fidelity Municipal Bond Opportunities ETF during the 2nd quarter valued at about $103,000. Integrated Wealth Concepts LLC bought a new position in shares of Fidelity Municipal Bond Opportunities ETF in the second quarter valued at approximately $123,000. Finally, NewEdge Advisors LLC acquired a new position in Fidelity Municipal Bond Opportunities ETF in the 2nd quarter valued at $235,000.

Fidelity Municipal Bond Opportunities ETF Price Performance

FMUB stock traded up $0.14 during trading on Friday, reaching $49.95. 35,007 shares of the stock traded hands, compared to its average volume of 59,532. Fidelity Municipal Bond Opportunities ETF has a 52-week low of $47.75 and a 52-week high of $52.24. The business’s 50 day moving average price is $49.35 and its 200-day moving average price is $50.66.

Fidelity Municipal Bond Opportunities ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 29th will be issued a $0.1210 dividend. This represents a $1.45 annualized dividend and a dividend yield of 2.9%. This is a drop from Fidelity Municipal Bond Opportunities ETF’s previous monthly dividend of $0.1570. The ex-dividend date is Thursday, October 29th.

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.