Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN) Short Interest Down 90.1% in July

Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN – Get Free Report) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 653 shares, a decline of 90.1% from the July 15th total of 6,624 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 11,313 shares, the days-to-cover ratio is currently 0.1 days.

Fidelity Systematic Municipal Bond Index ETF Stock Performance

Shares of FMUN traded up $0.11 on Wednesday, reaching $49.90. The stock had a trading volume of 8,361 shares, compared to its average volume of 12,122. Fidelity Systematic Municipal Bond Index ETF has a twelve month low of $48.55 and a twelve month high of $51.25. The firm has a 50-day moving average of $50.11 and a 200 day moving average of $50.24.

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Fidelity Systematic Municipal Bond Index ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, August 3rd. Shareholders of record on Thursday, July 30th were issued a $0.136 dividend. The ex-dividend date of this dividend was Thursday, July 30th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC purchased a new stake in shares of Fidelity Systematic Municipal Bond Index ETF in the third quarter valued at about $29,000. Financial Planning Fort Collins LLC increased its stake in shares of Fidelity Systematic Municipal Bond Index ETF by 1.6% during the 2nd quarter. Financial Planning Fort Collins LLC now owns 37,887 shares of the company’s stock worth $1,909,000 after purchasing an additional 594 shares in the last quarter. Kestra Advisory Services LLC raised its position in shares of Fidelity Systematic Municipal Bond Index ETF by 22.5% during the 1st quarter. Kestra Advisory Services LLC now owns 4,109 shares of the company’s stock worth $204,000 after purchasing an additional 754 shares during the last quarter. Quantinno Capital Management LP acquired a new position in shares of Fidelity Systematic Municipal Bond Index ETF during the 1st quarter worth approximately $254,000. Finally, Global Wealth Management LLC purchased a new stake in Fidelity Systematic Municipal Bond Index ETF in the 4th quarter valued at approximately $293,000.

About Fidelity Systematic Municipal Bond Index ETF

(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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