Fidelity Corporate Bond ETF (NYSEARCA:FCOR) Sees Significant Increase in Short Interest

Fidelity Corporate Bond ETF (NYSEARCA:FCOR) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 4,961 shares, a growth of 109.8% from the April 15th total of 2,365 shares. Based on an average daily volume of 27,425 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Fidelity Corporate Bond ETF

Several large investors have recently made changes to their positions in the business. Cetera Investment Advisers lifted its holdings in shares of Fidelity Corporate Bond ETF by 15.3% during the first quarter. Cetera Investment Advisers now owns 236,088 shares of the company’s stock valued at $11,127,000 after purchasing an additional 31,357 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Fidelity Corporate Bond ETF by 4.5% during the first quarter. PNC Financial Services Group Inc. now owns 11,395 shares of the company’s stock valued at $537,000 after purchasing an additional 492 shares during the last quarter. Fifth Third Bancorp purchased a new position in shares of Fidelity Corporate Bond ETF during the first quarter valued at approximately $39,000. Kestra Advisory Services LLC lifted its holdings in shares of Fidelity Corporate Bond ETF by 48.4% during the first quarter. Kestra Advisory Services LLC now owns 357,600 shares of the company’s stock valued at $16,854,000 after purchasing an additional 116,695 shares during the last quarter. Finally, Salus Financial Advisors LLC lifted its holdings in shares of Fidelity Corporate Bond ETF by 8.2% during the first quarter. Salus Financial Advisors LLC now owns 157,664 shares of the company’s stock valued at $7,431,000 after purchasing an additional 11,928 shares during the last quarter.

Fidelity Corporate Bond ETF Price Performance

Shares of FCOR stock traded down $0.36 during trading hours on Friday, hitting $46.90. 27,128 shares of the company’s stock traded hands, compared to its average volume of 36,455. The stock’s fifty day simple moving average is $47.35 and its two-hundred day simple moving average is $47.81. Fidelity Corporate Bond ETF has a 12-month low of $45.92 and a 12-month high of $48.79.

About Fidelity Corporate Bond ETF

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.