Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN) Stock Short Interest Climbs 685.8%

Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 2,931 shares, an increase of 685.8% from the August 31st total of 373 shares. Based on an average trading volume of 10,855 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Trading of Fidelity Systematic Municipal Bond Index ETF

Hedge funds have recently made changes to their positions in the stock. Kestra Advisory Services LLC raised its holdings in Fidelity Systematic Municipal Bond Index ETF by 22.5% in the first quarter. Kestra Advisory Services LLC now owns 4,109 shares of the company’s stock valued at $204,000 after acquiring an additional 754 shares in the last quarter. Quantinno Capital Management LP acquired a new position in Fidelity Systematic Municipal Bond Index ETF during the 1st quarter worth $254,000. Nwam LLC acquired a new position in Fidelity Systematic Municipal Bond Index ETF during the 2nd quarter worth $350,000. Ameritas Advisory Services LLC bought a new stake in shares of Fidelity Systematic Municipal Bond Index ETF in the 2nd quarter worth about $639,000. Finally, Financial Planning Fort Collins LLC increased its position in shares of Fidelity Systematic Municipal Bond Index ETF by 1.6% in the 2nd quarter. Financial Planning Fort Collins LLC now owns 37,887 shares of the company’s stock worth $1,909,000 after purchasing an additional 594 shares during the last quarter.

Fidelity Systematic Municipal Bond Index ETF Price Performance

Shares of FMUN opened at $47.39 on Friday. Fidelity Systematic Municipal Bond Index ETF has a one year low of $47.21 and a one year high of $51.25. The stock has a 50-day moving average price of $49.16 and a 200 day moving average price of $49.80.

Fidelity Systematic Municipal Bond Index ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 28th were paid a dividend of $0.1410 per share. This is an increase from Fidelity Systematic Municipal Bond Index ETF’s previous monthly dividend of $0.1360. The ex-dividend date was Friday, August 28th. This represents a $1.69 annualized dividend and a dividend yield of 3.6%.

About Fidelity Systematic Municipal Bond Index ETF

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.