Short Interest in Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB) Grows By 89.7%

Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUBGet 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

A number of institutional investors have recently modified their holdings of the business. MCF Advisors LLC acquired a new stake in Fidelity Municipal Bond Opportunities ETF in the fourth quarter valued at about $45,000. Flagship Harbor Advisors LLC acquired a new position in Fidelity Municipal Bond Opportunities ETF during the fourth quarter worth about $57,000. JPMorgan Chase & Co. acquired a new position in Fidelity Municipal Bond Opportunities ETF during the second quarter worth about $137,000. HRT Financial LP bought a new position in shares of Fidelity Municipal Bond Opportunities ETF in the fourth quarter worth about $250,000. Finally, Cetera Investment Advisers bought a new position in shares of Fidelity Municipal Bond Opportunities ETF in the first quarter worth about $273,000.

Fidelity Municipal Bond Opportunities ETF Company Profile

(Get Free Report)

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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