Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB) Shares Shorted: Short Interest Up 150.8% in October

Fidelity Municipal Bond Opportunities ETF (NASDAQ:FMUB) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 52,612 shares, a growth of 150.8% from the September 30th total of 20,978 shares. Based on an average trading volume of 173,531 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.9% of the shares of the stock are short sold.

Institutional Trading of Fidelity Municipal Bond Opportunities ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Roxbury Financial LLC lifted its stake in Fidelity Municipal Bond Opportunities ETF by 101.0% during the third quarter. Roxbury Financial LLC now owns 603 shares of the company’s stock valued at $29,000 after purchasing an additional 303 shares during the last quarter. MCF Advisors LLC increased its holdings in shares of Fidelity Municipal Bond Opportunities ETF by 45.5% in the second quarter. MCF Advisors LLC now owns 1,280 shares of the company’s stock valued at $66,000 after buying an additional 400 shares in the last quarter. IFP Advisors Inc acquired a new stake in shares of Fidelity Municipal Bond Opportunities ETF during the 2nd quarter valued at $103,000. Integrated Wealth Concepts LLC bought a new stake in shares of Fidelity Municipal Bond Opportunities ETF during the 2nd quarter worth $123,000. Finally, Kestra Advisory Services LLC boosted its stake in shares of Fidelity Municipal Bond Opportunities ETF by 38.2% during the 1st quarter. Kestra Advisory Services LLC now owns 13,376 shares of the company’s stock worth $677,000 after acquiring an additional 3,700 shares in the last quarter.

Fidelity Municipal Bond Opportunities ETF Price Performance

NASDAQ:FMUB traded up $0.17 during midday trading on Friday, hitting $49.98. 143,844 shares of the stock were exchanged, compared to its average volume of 60,119. Fidelity Municipal Bond Opportunities ETF has a one year low of $47.75 and a one year high of $52.24. The business has a 50-day moving average price of $49.33 and a two-hundred day moving average price of $50.65.

Fidelity Municipal Bond Opportunities ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 29th will be given a dividend of $0.1210 per share. This is a drop from Fidelity Municipal Bond Opportunities ETF’s previous monthly dividend of $0.1570. The ex-dividend date is Thursday, October 29th. This represents a $1.45 annualized dividend and a dividend yield of 2.9%.

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.