Short Interest in Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN) Drops By 94.6%

Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN – Get Free Report) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 373 shares, a decline of 94.6% from the August 15th total of 6,906 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 12,137 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of Fidelity Systematic Municipal Bond Index ETF

Several institutional investors have recently made changes to their positions in FMUN. Global Retirement Partners LLC purchased a new position in Fidelity Systematic Municipal Bond Index ETF in the fourth quarter worth approximately $2,189,000. Financial Planning Fort Collins LLC raised its position in Fidelity Systematic Municipal Bond Index ETF by 1.6% in the second quarter. Financial Planning Fort Collins LLC now owns 37,887 shares of the company’s stock valued at $1,909,000 after purchasing an additional 594 shares during the period. Quantinno Capital Management LP acquired a new position in shares of Fidelity Systematic Municipal Bond Index ETF in the 1st quarter valued at $254,000. Nwam LLC acquired a new position in shares of Fidelity Systematic Municipal Bond Index ETF in the 2nd quarter valued at $350,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of Fidelity Systematic Municipal Bond Index ETF during the 4th quarter worth $169,000.

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Fidelity Systematic Municipal Bond Index ETF Price Performance

Fidelity Systematic Municipal Bond Index ETF stock traded up $0.10 during midday trading on Friday, hitting $48.25. 19,915 shares of the stock were exchanged, compared to its average volume of 12,051. The stock’s 50-day simple moving average is $49.58 and its 200 day simple moving average is $50.00. Fidelity Systematic Municipal Bond Index ETF has a fifty-two week low of $48.15 and a fifty-two week high of $51.25.

Fidelity Systematic Municipal Bond Index ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 28th were issued a dividend of $0.141 per share. The ex-dividend date was Friday, August 28th. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. This is an increase from Fidelity Systematic Municipal Bond Index ETF’s previous monthly dividend of $0.14.

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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