Fidelity Low Duration Bond Factor ETF (BATS:FLDR) Stock Short Interest Report for September

Fidelity Low Duration Bond Factor ETF (BATS:FLDR) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 86,948 shares, a growth of 106.2% from the September 15th total of 42,167 shares. Based on an average trading volume of 296,203 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.5% of the shares of the company are sold short.

Fidelity Low Duration Bond Factor ETF Stock Performance

Shares of Fidelity Low Duration Bond Factor ETF stock opened at $49.85 on Wednesday. The company’s fifty day simple moving average is $49.98 and its 200-day simple moving average is $50.08. Fidelity Low Duration Bond Factor ETF has a 1 year low of $49.02 and a 1 year high of $50.62.

Institutional Trading of Fidelity Low Duration Bond Factor ETF

A number of hedge funds have recently bought and sold shares of the stock. Essex Financial Services Inc. bought a new stake in shares of Fidelity Low Duration Bond Factor ETF in the first quarter valued at about $598,000. Cetera Investment Advisers grew its position in Fidelity Low Duration Bond Factor ETF by 51.6% during the first quarter. Cetera Investment Advisers now owns 99,922 shares of the company’s stock worth $5,001,000 after buying an additional 33,990 shares in the last quarter. Bank of America Corp DE increased its stake in Fidelity Low Duration Bond Factor ETF by 4.1% during the first quarter. Bank of America Corp DE now owns 325,763 shares of the company’s stock valued at $16,304,000 after acquiring an additional 12,686 shares during the period. Koshinski Asset Management Inc. increased its stake in Fidelity Low Duration Bond Factor ETF by 55.5% during the first quarter. Koshinski Asset Management Inc. now owns 175,834 shares of the company’s stock valued at $8,800,000 after acquiring an additional 62,784 shares during the period. Finally, Royal Bank of Canada raised its holdings in Fidelity Low Duration Bond Factor ETF by 15.1% in the 1st quarter. Royal Bank of Canada now owns 134,333 shares of the company’s stock valued at $6,723,000 after acquiring an additional 17,596 shares in the last quarter.

About Fidelity Low Duration Bond Factor ETF

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.