Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN) Sees Significant Decrease in Short Interest

Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN) saw a significant 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 company are short sold. Based on an average daily volume of 11,313 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Advisory Services Network LLC bought a new position in shares of Fidelity Systematic Municipal Bond Index ETF in the third quarter worth about $29,000. Kestra Advisory Services LLC purchased a new stake in Fidelity Systematic Municipal Bond Index ETF in the 4th quarter valued at about $169,000. Quantinno Capital Management LP purchased a new stake in Fidelity Systematic Municipal Bond Index ETF in the 1st quarter valued at about $254,000. Global Wealth Management LLC bought a new position in Fidelity Systematic Municipal Bond Index ETF in the 4th quarter worth about $293,000. Finally, Sigma Planning Corp bought a new position in Fidelity Systematic Municipal Bond Index ETF in the 4th quarter worth about $346,000.

Fidelity Systematic Municipal Bond Index ETF Stock Performance

Shares of NASDAQ FMUN traded up $0.09 during mid-day trading on Tuesday, reaching $49.79. The company’s stock had a trading volume of 20,770 shares, compared to its average volume of 12,147. The stock has a fifty day moving average of $50.12 and a two-hundred day moving average of $50.24. Fidelity Systematic Municipal Bond Index ETF has a 52 week low of $48.55 and a 52 week high of $51.25.

Fidelity Systematic Municipal Bond Index ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, August 3rd. Investors of record on Thursday, July 30th were issued a dividend of $0.136 per share. The ex-dividend date was Thursday, July 30th.

About Fidelity Systematic Municipal Bond Index ETF

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.