Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN) Stock Short Interest Climbs 108.7%

Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 6,116 shares, an increase of 108.7% from the September 15th total of 2,931 shares. Based on an average daily trading volume, of 24,600 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the company’s shares are short sold.

Hedge Funds Weigh In On Fidelity Systematic Municipal Bond Index ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. 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 valued at $1,909,000 after purchasing an additional 594 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Fidelity Systematic Municipal Bond Index ETF in the second quarter worth $639,000. Nwam LLC purchased a new position in shares of Fidelity Systematic Municipal Bond Index ETF during the second quarter valued at $350,000. Quantinno Capital Management LP purchased a new position in shares of Fidelity Systematic Municipal Bond Index ETF during the first quarter valued at $254,000. Finally, Kestra Advisory Services LLC grew its holdings in shares of Fidelity Systematic Municipal Bond Index ETF by 22.5% during the first quarter. Kestra Advisory Services LLC now owns 4,109 shares of the company’s stock valued at $204,000 after buying an additional 754 shares in the last quarter.

Fidelity Systematic Municipal Bond Index ETF Price Performance

Fidelity Systematic Municipal Bond Index ETF stock opened at $47.46 on Wednesday. Fidelity Systematic Municipal Bond Index ETF has a fifty-two week low of $46.32 and a fifty-two week high of $51.25. The firm’s 50 day simple moving average is $48.46 and its 200-day simple moving average is $49.52.

Fidelity Systematic Municipal Bond Index ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, October 1st. Investors of record on Tuesday, September 29th were paid a $0.1430 dividend. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $1.72 dividend on an annualized basis and a yield of 3.6%. This is a positive change from Fidelity Systematic Municipal Bond Index ETF’s previous monthly dividend of $0.1410.

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.