Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN) Shares Shorted: Short Interest Up 108.7% in September

Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN – Get Free Report) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 6,116 shares, an increase of 108.7% from the September 15th total of 2,931 shares. Based on an average trading volume of 24,600 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FMUN. Ameritas Advisory Services LLC purchased a new stake in Fidelity Systematic Municipal Bond Index ETF in the 2nd quarter worth approximately $639,000. Nwam LLC acquired a new position in shares of Fidelity Systematic Municipal Bond Index ETF in the second quarter worth $350,000. Quantinno Capital Management LP purchased a new stake in shares of Fidelity Systematic Municipal Bond Index ETF during the first quarter worth $254,000. Financial Planning Fort Collins LLC raised its holdings in shares of Fidelity Systematic Municipal Bond Index ETF by 1.6% during the second quarter. Financial Planning Fort Collins LLC now owns 37,887 shares of the company’s stock worth $1,909,000 after acquiring an additional 594 shares in the last quarter. Finally, Kestra Advisory Services LLC raised its holdings in shares of Fidelity Systematic Municipal Bond Index ETF by 22.5% during the first quarter. Kestra Advisory Services LLC now owns 4,109 shares of the company’s stock worth $204,000 after acquiring an additional 754 shares in the last quarter.

Fidelity Systematic Municipal Bond Index ETF Trading Up 0.7%

Shares of FMUN opened at $47.46 on Wednesday. The business’s 50-day moving average is $48.46 and its 200-day moving average is $49.52. Fidelity Systematic Municipal Bond Index ETF has a fifty-two week low of $46.32 and a fifty-two week high of $51.25.

Fidelity Systematic Municipal Bond Index ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, October 1st. Investors of record on Tuesday, September 29th were given a dividend of $0.1430 per share. The ex-dividend date of this dividend was Tuesday, September 29th. This is a boost from Fidelity Systematic Municipal Bond Index ETF’s previous monthly dividend of $0.1410. This represents a $1.72 dividend on an annualized basis and a yield of 3.6%.

Fidelity Systematic Municipal Bond Index ETF Company Profile

(Get Free Report)

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.

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