Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN) Stock Short Interest Report for October

Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 16,612 shares, a growth of 171.6% from the September 30th total of 6,116 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 21,256 shares, the short-interest ratio is currently 0.8 days.

Institutional Investors Weigh In On Fidelity Systematic Municipal Bond Index ETF

A number of large investors have recently modified their holdings of the business. Ameritas Advisory Services LLC bought a new position in Fidelity Systematic Municipal Bond Index ETF in the second quarter valued at about $639,000. Single Point Partners LLC acquired a new position in Fidelity Systematic Municipal Bond Index ETF in the 3rd quarter valued at approximately $274,000. CRA Financial Services LLC acquired a new position in Fidelity Systematic Municipal Bond Index ETF in the 3rd quarter valued at approximately $230,000. Nwam LLC bought a new position in shares of Fidelity Systematic Municipal Bond Index ETF during the second quarter valued at $350,000. Finally, Quantinno Capital Management LP bought a new position in shares of Fidelity Systematic Municipal Bond Index ETF during the first quarter valued at $254,000.

Fidelity Systematic Municipal Bond Index ETF Price Performance

FMUN stock opened at $48.81 on Friday. The company’s 50-day moving average price is $48.08 and its two-hundred day moving average price is $49.69. Fidelity Systematic Municipal Bond Index ETF has a 12 month low of $46.32 and a 12 month high of $51.25.

Fidelity Systematic Municipal Bond Index ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 29th will be paid a dividend of $0.1310 per share. The ex-dividend date is Thursday, October 29th. This is a drop from Fidelity Systematic Municipal Bond Index ETF’s previous monthly dividend of $0.1430. This represents a $1.57 annualized dividend and a yield of 3.2%.

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.