Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB – Get Free Report) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 50,070 shares, an increase of 89.7% from the June 30th total of 26,396 shares. Based on an average trading volume of 50,178 shares, the short-interest ratio is currently 1.0 days. Currently, 1.1% of the shares of the stock are short sold.
Fidelity Municipal Bond Opportunities ETF Stock Performance
NASDAQ:FMUB traded down $0.06 during mid-day trading on Friday, reaching $50.47. The stock had a trading volume of 87,312 shares, compared to its average volume of 34,302. The stock has a 50-day simple moving average of $51.16 and a two-hundred day simple moving average of $51.13. Fidelity Municipal Bond Opportunities ETF has a 12 month low of $49.59 and a 12 month high of $53.88.
Fidelity Municipal Bond Opportunities ETF Cuts Dividend
The firm also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Thursday, July 30th will be issued a $0.142 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Thursday, July 30th.
Hedge Funds Weigh In On Fidelity Municipal Bond Opportunities ETF
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.
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