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

Fidelity Corporate Bond ETF (NYSEARCA:FCOR) saw a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 5,361 shares, a drop of 75.5% from the May 31st total of 21,901 shares. Based on an average trading volume of 53,439 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Fidelity Corporate Bond ETF Stock Performance

Shares of Fidelity Corporate Bond ETF stock opened at $47.46 on Friday. Fidelity Corporate Bond ETF has a 52-week low of $46.57 and a 52-week high of $48.79. The stock’s 50-day simple moving average is $47.23 and its 200 day simple moving average is $47.61.

Institutional Trading of Fidelity Corporate Bond ETF

Institutional investors have recently modified their holdings of the business. Foronjy Financial LLC grew its stake in Fidelity Corporate Bond ETF by 4.6% in the 4th quarter. Foronjy Financial LLC now owns 5,995 shares of the company’s stock valued at $287,000 after buying an additional 263 shares in the last quarter. High Falls Advisors Inc lifted its position in shares of Fidelity Corporate Bond ETF by 4.9% during the fourth quarter. High Falls Advisors Inc now owns 6,960 shares of the company’s stock worth $333,000 after acquiring an additional 326 shares in the last quarter. Virtus Wealth Solutions LLC boosted its holdings in shares of Fidelity Corporate Bond ETF by 3.0% in the fourth quarter. Virtus Wealth Solutions LLC now owns 12,416 shares of the company’s stock worth $594,000 after acquiring an additional 362 shares during the period. PFG Investments LLC boosted its holdings in shares of Fidelity Corporate Bond ETF by 7.8% in the fourth quarter. PFG Investments LLC now owns 5,587 shares of the company’s stock worth $267,000 after acquiring an additional 404 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in shares of Fidelity Corporate Bond ETF by 4.5% in 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 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.