Short Interest in Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB) Rises By 134.4%

Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB) was the target of a significant increase in short interest in February. As of February 27th, there was short interest totaling 6,630 shares, an increase of 134.4% from the February 12th total of 2,829 shares. Based on an average trading volume of 14,158 shares, the short-interest ratio is presently 0.5 days. Currently, 0.2% of the company’s stock are short sold. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 14,158 shares, the short-interest ratio is presently 0.5 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 business. CWM LLC lifted its stake in 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 acquiring an additional 152,100 shares during the last quarter. Accredited Wealth Management LLC bought a new position in shares of Fidelity Municipal Bond Opportunities ETF during the 3rd quarter valued at $6,550,000. Commonwealth Equity Services LLC bought a new position in shares of Fidelity Municipal Bond Opportunities ETF during the 3rd quarter valued at $5,921,000. Jane Street Group LLC acquired a new stake in shares of Fidelity Municipal Bond Opportunities ETF in the 2nd quarter valued at $1,093,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Fidelity Municipal Bond Opportunities ETF in the 3rd quarter valued at $1,118,000.

Fidelity Municipal Bond Opportunities ETF Stock Performance

Shares of NASDAQ FMUB opened at $51.15 on Friday. Fidelity Municipal Bond Opportunities ETF has a one year low of $47.81 and a one year high of $53.88. The business’s 50-day moving average price is $51.30 and its two-hundred day moving average price is $51.09.

Fidelity Municipal Bond Opportunities ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 26th were paid a $0.131 dividend. The ex-dividend date of this dividend was Thursday, February 26th. This represents a c) annualized dividend and a dividend yield of 3.1%.

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.