Fidelity Low Duration Bond Factor ETF (BATS:FLDR) Sees Significant Increase in Short Interest

Fidelity Low Duration Bond Factor ETF (BATS:FLDR) saw a large growth in short interest in July. As of July 31st, there was short interest totaling 13,183 shares, a growth of 269.8% from the July 15th total of 3,565 shares. Based on an average daily trading volume, of 202,531 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Fidelity Low Duration Bond Factor ETF Stock Performance

BATS:FLDR opened at $50.10 on Friday. Fidelity Low Duration Bond Factor ETF has a twelve month low of $49.02 and a twelve month high of $50.62. The company has a 50-day moving average of $50.13 and a 200-day moving average of $50.17.

Institutional Investors Weigh In On Fidelity Low Duration Bond Factor ETF

Several large investors have recently modified their holdings of the stock. Raymond James Financial Inc. raised its position in shares of Fidelity Low Duration Bond Factor ETF by 2,486.6% during the second quarter. Raymond James Financial Inc. now owns 578,139 shares of the company’s stock worth $28,947,000 after purchasing an additional 555,788 shares during the period. Goldman Sachs Group Inc. acquired a new position in shares of Fidelity Low Duration Bond Factor ETF in the 4th quarter valued at $13,677,000. Financially Speaking Inc increased its stake in Fidelity Low Duration Bond Factor ETF by 223.8% in the 4th quarter. Financially Speaking Inc now owns 349,000 shares of the company’s stock worth $17,530,000 after purchasing an additional 241,216 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in Fidelity Low Duration Bond Factor ETF by 47.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 644,156 shares of the company’s stock worth $32,356,000 after purchasing an additional 205,846 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in Fidelity Low Duration Bond Factor ETF by 400.1% during the 2nd quarter. Jane Street Group LLC now owns 194,017 shares of the company’s stock worth $9,714,000 after buying an additional 155,224 shares during the period.

Fidelity Low Duration Bond Factor ETF Company Profile

The Fidelity Low Duration Bond Factor ETF (FLDR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a modified market-value-weighted index of US investment-grade floating-rate bonds and fixed-rate Treasury notes with a target portfolio duration of less than one year. FLDR was launched on Jun 12, 2018 and is managed by Fidelity.