Fidelity Total Bond ETF (NYSEARCA:FBND) Short Interest Down 38.8% in July

Fidelity Total Bond ETF (NYSEARCA:FBND) saw a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 1,064,529 shares, a decrease of 38.8% from the June 30th total of 1,740,594 shares. Based on an average daily volume of 3,182,620 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the company’s shares are sold short.

Hedge Funds Weigh In On Fidelity Total Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Root Financial Partners LLC bought a new stake in shares of Fidelity Total Bond ETF during the 4th quarter valued at $25,000. GHP Investment Advisors Inc. bought a new position in shares of Fidelity Total Bond ETF in the 1st quarter worth $25,000. Community Financial Services Group LLC acquired a new stake in shares of Fidelity Total Bond ETF during the second quarter worth $32,000. Tucker Asset Management LLC acquired a new stake in shares of Fidelity Total Bond ETF during the fourth quarter worth $37,000. Finally, Maryland Capital Advisors Inc. bought a new stake in Fidelity Total Bond ETF in the second quarter valued at about $37,000.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA FBND traded down $0.12 during mid-day trading on Friday, hitting $44.72. The company’s stock had a trading volume of 3,630,212 shares, compared to its average volume of 2,813,243. Fidelity Total Bond ETF has a one year low of $44.65 and a one year high of $46.86. The company’s fifty day simple moving average is $45.36 and its 200-day simple moving average is $45.75. The stock has a market cap of $26.95 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27.

Fidelity Total Bond ETF Company Profile

The Fidelity Total Bond ETF (FBND) is an exchange-traded fund that is based on the Bloomberg U.S. Universal Bond index. The fund is an actively managed broad market bond fund that uses the Barclays US Universal Bond Index to guide its sector allocation and duration exposure. FBND was launched on Oct 6, 2014 and is managed by Fidelity.