Short Interest in Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB) Expands By 134.4%

Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB) was the recipient of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 6,630 shares, an increase of 134.4% from the February 12th total of 2,829 shares. Based on an average daily volume of 14,158 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the company’s shares are sold short. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 14,158 shares, the short-interest ratio is presently 0.5 days.

Fidelity Municipal Bond Opportunities ETF Price Performance

Shares of FMUB opened at $51.15 on Thursday. The business’s 50 day moving average price is $51.30 and its 200-day moving average price is $51.08. Fidelity Municipal Bond Opportunities ETF has a 52 week low of $47.81 and a 52 week high of $53.88.

Fidelity Municipal Bond Opportunities ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 26th were paid a dividend of $0.131 per share. This represents a c) dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Thursday, February 26th.

Institutional Trading of Fidelity Municipal Bond Opportunities ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. CWM LLC lifted its stake in Fidelity Municipal Bond Opportunities ETF by 18.3% during the 3rd quarter. CWM LLC now owns 983,758 shares of the company’s stock valued at $50,034,000 after acquiring an additional 152,100 shares during the period. Accredited Wealth Management LLC purchased a new position in shares of Fidelity Municipal Bond Opportunities ETF during the third quarter valued at approximately $6,550,000. Commonwealth Equity Services LLC purchased a new position in shares of Fidelity Municipal Bond Opportunities ETF during the third quarter valued at approximately $5,921,000. Jane Street Group LLC bought a new position in Fidelity Municipal Bond Opportunities ETF during the second quarter valued at approximately $1,093,000. Finally, Advisory Services Network LLC bought a new position in Fidelity Municipal Bond Opportunities ETF during the third quarter valued at approximately $1,118,000.

Fidelity Municipal Bond Opportunities ETF Company Profile

The Fidelity Municipal Bond Opportunities ETF seeks to provide a high current yield exempt from federal income tax, with growth of capital as a secondary objective. The ETF normally invests at least 80% of its assets in municipal securities whose interest is exempt from federal income tax.