Fidelity Municipal Bond Opportunities ETF(FMUB · ETF)

ETF quote, holdings, sector allocation, technicals, and options analytics.

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FMUB
Snapshot
Info

Fidelity Municipal Bond Opportunities ETF (FMUB) ETF

Exchange
XNAS
Inception
2023-02-16
Has Options
No
ETF Profile
holdings as of 2027-01-31
Holdings
524
AUM
$197.4M
Provider
Nport
Inception
2023-02-16
Exchange
XNAS
Data As Of
2027-01-31
Expense Ratio
Dividend Yield
3.54%
Distribution
Monthly
Recent distributions
Ex-Date Pay Date Amount Type
2026-06-29 2026-07-01 $0.1520 CD
2026-05-28 2026-06-01 $0.1330 CD
2026-04-29 2026-05-01 $0.1410 CD
2026-03-30 2026-04-01 $0.1390 CD
2026-02-26 2026-03-02 $0.1310 CD
2026-01-29 2026-02-02 $0.1390 CD
Asset Allocation
Top Holdings
top 50 of 524 holdings
Symbol Name Weight % Asset Class Country
Fidelity Revere Street Trust 11.76% Short-term investment US
MAIN STR NAT GAS INC GA GAS SUPPLY REV 1.11% Debt US
DALLAS FORT WORTH TX INTL ARPT 1.06% Debt US
SAN ANTONIO TX ELEC and GAS REV 1.04% Debt US
SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT 0.99% Debt US
BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV 0.85% Debt US
BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV 0.85% Debt US
UNIVERSITY KA HA HLTH FAC REV 0.84% Debt US
ILLINOIS FIN AUTH RV 0.83% Debt US
SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT 0.80% Debt US
FULTON CNTY GA DEV AUTH REV 0.79% Debt US
PENNSYLVANIA ST HIGHER EDL FACS AUTH REV 0.76% Debt US
RHODE ISLAND ST STUDENT LN 0.66% Debt US
LANCASTER CNTY PA HOSP AUT REV 0.63% Debt US
TENNESSEE HSG DEV AGY RESIDENTIAL FIN PROG REV 0.61% Debt US
CONNECTICUT ST SPL TAX OBLIG 0.61% Debt US
PENNSYLVANIA ST 0.58% Debt US
AUSTIN TEX AIRPORT SYS 0.58% Debt US
PALM BEACH CNTY FL HEALTH FACS 0.58% Debt US
GREAT LAKES WTR AUTH MICH WTR SUPPLY SYS REV 0.58% Debt US
PORT SEATTLE WA REV 0.57% Debt US
AUSTIN TEX AIRPORT SYS 0.57% Debt US
BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV 0.57% Debt US
SOUTH MIAMI FL HLTH FCS HSP RV 0.57% Debt US
NEW YORK CITY GO 0.57% Debt US
METROPOLITAN WASH DC ARPTS ATH 0.56% Debt US
WAYNE CNTY MICH ARPT AUTH REV 0.56% Debt US
WEST VIRGINIA ST HOSP FIN AUTH HOSP REV 0.56% Debt US
CHICAGO IL MIDWAY ARPT REV 0.56% Debt US
CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 0.56% Debt US
DALLAS FORT WORTH TX INTL ARPT 0.56% Debt US
CHICAGO IL BRD ED 0.55% Debt US
METRO NASHVLL ARPT TN 0.55% Debt US
LOWER COLO RIV AUTH TX REV 0.55% Debt US
TEXAS MUNICIPAL GAS ACQUISITION and SUPPLY CORP V 0.55% Debt US
UNIVERSITY KA HA HLTH FAC REV 0.55% Debt US
PINE VIEW PUBLIC INFRASTRUCTURE DISTRICT NO 2 0.53% Debt US
FLORIDA ST MID BAY BRIDGE AUTH 0.53% Debt US
MONTANA ST BRD HSG SINGLE FAMILY MTG 0.53% Debt US
COLUMBUS-FRANKLIN CNTY OHIO FIN AUTH MULTIFAMILY HSG REV 0.53% Debt US
KING CNTY WASH HSG AUTH REV 0.52% Debt US
BUCKEYE OH TOB SETTLEMENT FING AUTH 0.52% Debt US
MORRISTOWN TN 0.51% Debt US
WAYNE CNTY MICH ARPT AUTH REV 0.47% Debt US
PORT PORT ARTHUR TX NAV DIST E 0.47% Debt US
SIOUX FALLS REGIONAL AIRPORT AUTHORITY 0.46% Debt US
DENVER CO CITY and CNTY ARPT 0.46% Debt US
SEMINOLE CNTY SD SALES TAX REV 0.44% Debt US
REDMOND OR 0.44% Debt US
SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA 0.44% Debt US
Non-Equity Breakdown
Fidelity Municipal Bond Opportunities ETF · NPORT-P period 2027-01-31 (filed 2026-06-26)
Net assets: $190M · 524 total positions · equity 0.00% · non-equity 103.71%
Non-equity holdings — 524 positions, 103.71% of NAV
Category Weight Value Positions
Municipal 91.94% $175.0M 523
Short-term investment 11.76% $22.4M 1
Chart
Seasonality
MonthAvg ReturnYears of Data
Jan +0.24% 1
Feb +1.03% 1
Mar -2.31% 1
Apr +0.03% 2
May -0.21% 2
Jun +0.95% 2
Jul -0.86% 2
Aug +0.18% 1
Sep +2.01% 1
Oct +0.51% 1
Nov +0.08% 1
Dec -0.38% 1
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators
SMA 20: $51.25
SMA 50: $51.15
SMA 200: $51.14
Current: $50.58
EMA 12: $51.06
EMA 26: $51.16
MACD: -0.1001 | Signal: -0.0796
BEARISH
ADX (14): 19.07
RANGE
+DI: 41.51
−DI: 13.64
Momentum Oscillators
RSI (14): 21.10
OVERSOLD
Stoch %K: 4.17
Stoch %D: 4.11
Williams %R: -94.97
Volume & Volatility
BB Upper: $51.69
BB Lower: $50.80
OVERSOLD
OBV: 2,424,130
Vol SMA 20: 46,475
Vol ROC: 26.30%
ATR: $0.27
True Range: $1.75
HV 20: 2.6%
HV 30: 2.8%
HV 60: 2.9%

Data Summary
Data Points: 325
Last Updated:
Date Range: 2025-04-07T00:00:00 – 2026-07-23T00:00:00
AI Analysis

Choose Frenzy-Fast™ for quick analysis or Frenzy-Pro™ for comprehensive analysis.

Analysis includes technical indicators, news sentiment, risk assessment, and specific price levels to watch.

News
Options Activity
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Spread Scanner GPU

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
pts EXTREME
ATM — / Wing —
30 DTE / 10d
pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Beta (1Y vs SPY)
0.06
Correlation (SPY)
26.5%
0.07
Ann. Volatility
2.8%
SPY Volatility
12.7%

Low volatility - stock moves less than market

Beta & Alpha Over Time
Constituent Performance

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Constituents
Symbol Name Weight % Price 1 Day 1 Week 1 Month