Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN) Sees Large Decrease in Short Interest

Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN) saw a significant decline in short interest in August. As of August 31st, there was short interest totaling 373 shares, a decline of 94.6% from the August 15th total of 6,906 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 12,137 shares, the short-interest ratio is currently 0.0 days.

Institutional Investors Weigh In On Fidelity Systematic Municipal Bond Index ETF

A number of hedge funds have recently bought and sold shares of FMUN. Jane Street Group LLC bought a new stake in shares of Fidelity Systematic Municipal Bond Index ETF in the 2nd quarter worth about $6,639,000. Advisory Services Network LLC purchased a new stake in Fidelity Systematic Municipal Bond Index ETF during the third quarter valued at approximately $29,000. Global Retirement Partners LLC purchased a new stake in Fidelity Systematic Municipal Bond Index ETF during the fourth quarter valued at approximately $2,189,000. Kestra Advisory Services LLC purchased a new position in shares of Fidelity Systematic Municipal Bond Index ETF in the 4th quarter worth approximately $169,000. Finally, Mars Jewett Financial Group Inc. bought a new position in shares of Fidelity Systematic Municipal Bond Index ETF during the 4th quarter valued at approximately $653,000.

Fidelity Systematic Municipal Bond Index ETF Stock Performance

NASDAQ FMUN traded up $0.15 during trading on Friday, hitting $48.30. 11,166 shares of the stock traded hands, compared to its average volume of 12,000. Fidelity Systematic Municipal Bond Index ETF has a 12-month low of $48.15 and a 12-month high of $51.25. The firm has a 50-day simple moving average of $49.63 and a 200-day simple moving average of $50.01.

Fidelity Systematic Municipal Bond Index ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 28th were issued a $0.141 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. This is a boost from Fidelity Systematic Municipal Bond Index ETF’s previous monthly dividend of $0.14. The ex-dividend date of this dividend was Friday, August 28th.

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.