Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN) Shares Shorted: Short Interest Up 685.8% in September

Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN – Get Free Report) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 2,931 shares, an increase of 685.8% from the August 31st total of 373 shares. Based on an average daily trading volume, of 10,855 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On Fidelity Systematic Municipal Bond Index ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ameritas Advisory Services LLC bought a new position in shares of Fidelity Systematic Municipal Bond Index ETF during the second quarter valued at approximately $639,000. Kestra Advisory Services LLC lifted its holdings in shares of Fidelity Systematic Municipal Bond Index ETF by 22.5% in 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. Financial Planning Fort Collins LLC boosted its position in 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 valued at $1,909,000 after purchasing an additional 594 shares during the period. Quantinno Capital Management LP acquired a new position in Fidelity Systematic Municipal Bond Index ETF during the 1st quarter valued at approximately $254,000. Finally, Nwam LLC bought a new position in Fidelity Systematic Municipal Bond Index ETF during the 2nd quarter worth $350,000.

Fidelity Systematic Municipal Bond Index ETF Stock Performance

FMUN traded down $0.13 during trading hours on Thursday, hitting $47.39. 33,285 shares of the stock were exchanged, compared to its average volume of 12,278. The stock has a 50-day simple moving average of $49.16 and a 200-day simple moving average of $49.80. Fidelity Systematic Municipal Bond Index ETF has a 12 month low of $47.21 and a 12 month high of $51.25.

Fidelity Systematic Municipal Bond Index ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 28th were given a dividend of $0.1410 per share. The ex-dividend date of this dividend was Friday, August 28th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.6%. This is a boost from Fidelity Systematic Municipal Bond Index ETF’s previous monthly dividend of $0.1360.

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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