Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB) Stock Short Interest Report for September

Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 20,978 shares, a drop of 51.1% from the September 15th total of 42,911 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 86,899 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Fidelity Municipal Bond Opportunities ETF

Several hedge funds and other institutional investors have recently bought and sold shares of FMUB. Lineweaver Wealth Advisors LLC purchased a new stake in shares of Fidelity Municipal Bond Opportunities ETF during the 3rd quarter valued at about $1,429,000. Avidian Wealth Enterprises LLC bought a new stake in shares of Fidelity Municipal Bond Opportunities ETF in the third quarter worth approximately $1,241,000. Envestnet Asset Management Inc. raised its holdings in shares of Fidelity Municipal Bond Opportunities ETF by 43.0% during the second quarter. Envestnet Asset Management Inc. now owns 18,126 shares of the company’s stock valued at $932,000 after purchasing an additional 5,452 shares during the last quarter. Gainline Financial Partners LLC purchased a new position in shares of Fidelity Municipal Bond Opportunities ETF during the second quarter valued at approximately $695,000. Finally, Kestra Advisory Services LLC raised its holdings in shares of Fidelity Municipal Bond Opportunities ETF by 38.2% during the first quarter. Kestra Advisory Services LLC now owns 13,376 shares of the company’s stock valued at $677,000 after purchasing an additional 3,700 shares during the last quarter.

Fidelity Municipal Bond Opportunities ETF Stock Down 0.3%

Shares of FMUB stock traded down $0.13 during mid-day trading on Wednesday, hitting $48.68. The company’s stock had a trading volume of 58,153 shares, compared to its average volume of 48,879. Fidelity Municipal Bond Opportunities ETF has a 52-week low of $47.75 and a 52-week high of $53.88. The business has a 50-day moving average price of $49.67 and a 200 day moving average price of $50.56.

Fidelity Municipal Bond Opportunities ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 29th were given a $0.1570 dividend. This is a positive change from Fidelity Municipal Bond Opportunities ETF’s previous monthly dividend of $0.1430. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $1.88 dividend on an annualized basis and a yield of 3.9%.

About Fidelity Municipal Bond Opportunities ETF

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.