Short Interest in Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN) Expands By 89.2%

Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN) was the recipient of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 8,846 shares, an increase of 89.2% from the May 14th total of 4,676 shares. Based on an average trading volume of 12,687 shares, the short-interest ratio is currently 0.7 days. Currently, 0.2% of the shares of the company are sold short.

Fidelity Systematic Municipal Bond Index ETF Price Performance

Shares of NASDAQ FMUN traded up $0.13 during mid-day trading on Monday, hitting $50.35. The stock had a trading volume of 10,321 shares, compared to its average volume of 12,792. The company has a 50 day moving average of $50.11 and a two-hundred day moving average of $50.31. Fidelity Systematic Municipal Bond Index ETF has a twelve month low of $48.26 and a twelve month high of $51.25.

Fidelity Systematic Municipal Bond Index ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, June 1st. Investors of record on Thursday, May 28th were given a $0.134 dividend. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Thursday, May 28th.

Hedge Funds Weigh In On Fidelity Systematic Municipal Bond Index ETF

Hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC acquired a new position in shares of Fidelity Systematic Municipal Bond Index ETF in the 3rd quarter valued at $29,000. IFP Advisors Inc increased its position in shares of Fidelity Systematic Municipal Bond Index ETF by 50.9% in the 3rd quarter. IFP Advisors Inc now owns 1,569 shares of the company’s stock valued at $78,000 after acquiring an additional 529 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of Fidelity Systematic Municipal Bond Index ETF in the 4th quarter valued at $169,000. Quantinno Capital Management LP acquired a new position in shares of Fidelity Systematic Municipal Bond Index ETF in the 1st quarter valued at $254,000. Finally, Global Wealth Management LLC acquired a new position in shares of Fidelity Systematic Municipal Bond Index ETF in the 4th quarter valued at $293,000.

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.