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

Fidelity Corporate Bond ETF (NYSEARCA:FCOR) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 13,922 shares, an increase of 180.6% from the April 30th total of 4,961 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 27,502 shares, the short-interest ratio is presently 0.5 days.

Fidelity Corporate Bond ETF Price Performance

NYSEARCA FCOR traded up $0.14 on Friday, hitting $47.33. 44,880 shares of the company were exchanged, compared to its average volume of 36,337. The company’s 50 day moving average price is $47.24 and its 200-day moving average price is $47.73. Fidelity Corporate Bond ETF has a twelve month low of $46.34 and a twelve month high of $48.79.

Institutional Trading of Fidelity Corporate Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. grew its stake in Fidelity Corporate Bond ETF by 11.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 177,955 shares of the company’s stock valued at $8,542,000 after acquiring an additional 18,891 shares in the last quarter. Sugar Maple Asset Management LLC purchased a new position in Fidelity Corporate Bond ETF during the 4th quarter valued at about $577,000. Jaffetilchin Investment Partners LLC grew its stake in Fidelity Corporate Bond ETF by 99.6% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 117,716 shares of the company’s stock valued at $5,630,000 after acquiring an additional 58,744 shares in the last quarter. OneDigital Investment Advisors LLC grew its stake in Fidelity Corporate Bond ETF by 147.6% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 133,936 shares of the company’s stock valued at $6,429,000 after acquiring an additional 79,842 shares in the last quarter. Finally, Virtus Wealth Solutions LLC grew its stake in Fidelity Corporate Bond ETF by 3.0% during the 4th quarter. Virtus Wealth Solutions LLC now owns 12,416 shares of the company’s stock valued at $594,000 after acquiring an additional 362 shares in the last quarter.

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.