Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB) Short Interest Update

Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB) was the target of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 4,466 shares, a decline of 32.6% from the February 26th total of 6,630 shares. Based on an average daily volume of 19,906 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Fidelity Municipal Bond Opportunities ETF Trading Down 0.1%

Fidelity Municipal Bond Opportunities ETF stock traded down $0.05 during mid-day trading on Friday, hitting $50.42. 75,329 shares of the company’s stock were exchanged, compared to its average volume of 27,846. Fidelity Municipal Bond Opportunities ETF has a 1-year low of $47.81 and a 1-year high of $53.88. The stock has a 50 day moving average of $51.22 and a two-hundred day moving average of $51.14.

Fidelity Municipal Bond Opportunities ETF Cuts Dividend

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

Institutional Investors Weigh In On Fidelity Municipal Bond Opportunities ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. IHT Wealth Management LLC acquired a new stake in Fidelity Municipal Bond Opportunities ETF in the 4th quarter worth approximately $328,000. Osaic Holdings Inc. grew its holdings in Fidelity Municipal Bond Opportunities ETF by 75.1% during the fourth quarter. Osaic Holdings Inc. now owns 14,928 shares of the company’s stock valued at $761,000 after purchasing an additional 6,403 shares during the last quarter. Advisory Services Network LLC raised its position in shares of Fidelity Municipal Bond Opportunities ETF by 5.6% in the fourth quarter. Advisory Services Network LLC now owns 23,216 shares of the company’s stock valued at $1,183,000 after purchasing an additional 1,239 shares during the period. Mariner LLC acquired a new stake in shares of Fidelity Municipal Bond Opportunities ETF in the fourth quarter worth $336,000. Finally, Aptus Capital Advisors LLC lifted its stake in shares of Fidelity Municipal Bond Opportunities ETF by 3.2% in the fourth quarter. Aptus Capital Advisors LLC now owns 17,559 shares of the company’s stock worth $895,000 after buying an additional 537 shares during the last quarter.

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.