Short Interest in Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN) Drops By 90.1%

Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN) saw a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 653 shares, a decrease of 90.1% from the July 15th total of 6,624 shares. Based on an average trading volume of 11,313 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On Fidelity Systematic Municipal Bond Index ETF

Several hedge funds and other institutional investors have recently modified their holdings of FMUN. Advisory Services Network LLC acquired a new position in Fidelity Systematic Municipal Bond Index ETF during the third quarter worth about $29,000. Financial Planning Fort Collins LLC lifted its holdings in shares of Fidelity Systematic Municipal Bond Index ETF by 1.6% in the second quarter. Financial Planning Fort Collins LLC now owns 37,887 shares of the company’s stock worth $1,909,000 after acquiring an additional 594 shares during the last quarter. Kestra Advisory Services LLC boosted its stake in shares of Fidelity Systematic Municipal Bond Index ETF by 22.5% in the 1st quarter. Kestra Advisory Services LLC now owns 4,109 shares of the company’s stock valued at $204,000 after purchasing an additional 754 shares in the last quarter. Quantinno Capital Management LP acquired a new stake in shares of Fidelity Systematic Municipal Bond Index ETF in the 1st quarter valued at approximately $254,000. Finally, Global Wealth Management LLC bought a new stake in shares of Fidelity Systematic Municipal Bond Index ETF during the 4th quarter valued at approximately $293,000.

Fidelity Systematic Municipal Bond Index ETF Stock Performance

Shares of NASDAQ FMUN traded up $0.08 during trading hours on Thursday, hitting $50.00. 10,648 shares of the stock were exchanged, compared to its average volume of 12,137. The company’s fifty day simple moving average is $50.10 and its two-hundred day simple moving average is $50.23. Fidelity Systematic Municipal Bond Index ETF has a 1-year low of $48.55 and a 1-year high of $51.25.

Fidelity Systematic Municipal Bond Index ETF Cuts Dividend

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

Fidelity Systematic Municipal Bond Index ETF Company Profile

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.