Fidelity Corporate Bond ETF (NYSEARCA:FCOR) Short Interest Update

Fidelity Corporate Bond ETF (NYSEARCA:FCOR) was the recipient of a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 4,488 shares, a decrease of 57.8% from the February 12th total of 10,638 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 36,892 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 36,892 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Fidelity Corporate Bond ETF Stock Performance

Fidelity Corporate Bond ETF stock traded down $0.09 during mid-day trading on Friday, reaching $47.12. The company had a trading volume of 24,965 shares, compared to its average volume of 41,893. The business has a fifty day simple moving average of $47.99 and a 200 day simple moving average of $48.06. Fidelity Corporate Bond ETF has a fifty-two week low of $45.00 and a fifty-two week high of $48.79.

Fidelity Corporate Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 26th were issued a dividend of $0.17 per share. This is a positive change from Fidelity Corporate Bond ETF’s previous monthly dividend of $0.17. The ex-dividend date of this dividend was Thursday, February 26th. This represents a c) annualized dividend and a dividend yield of 4.3%.

Hedge Funds Weigh In On Fidelity Corporate Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Osaic Holdings Inc. boosted its stake in shares of Fidelity Corporate Bond ETF by 634.2% during the second quarter. Osaic Holdings Inc. now owns 27,592 shares of the company’s stock valued at $1,307,000 after purchasing an additional 23,834 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Fidelity Corporate Bond ETF by 12.6% in the second quarter. Envestnet Asset Management Inc. now owns 159,064 shares of the company’s stock valued at $7,525,000 after buying an additional 17,773 shares during the period. Cetera Investment Advisers raised its holdings in Fidelity Corporate Bond ETF by 127.6% in the 2nd quarter. Cetera Investment Advisers now owns 18,978 shares of the company’s stock valued at $898,000 after buying an additional 10,638 shares during the last quarter. Jaffetilchin Investment Partners LLC bought a new position in Fidelity Corporate Bond ETF in the 2nd quarter valued at approximately $825,000. Finally, Millington Financial Advisors LLC boosted its position in Fidelity Corporate Bond ETF by 3.6% during the 2nd quarter. Millington Financial Advisors LLC now owns 47,216 shares of the company’s stock worth $2,226,000 after buying an additional 1,655 shares during the period.

Fidelity Corporate Bond ETF Company Profile

The Fidelity Corporate Bond ETF (FCOR) is an exchange-traded fund that is based on the Bloomberg U.S. Credit Bond index. The fund is an actively managed USD corporate bond fund. It aims to have similar interest-rate risk as the Barclays US Credit Bond Index. FCOR was launched on Oct 6, 2014 and is managed by Fidelity.