Fidelity Corporate Bond ETF (NYSEARCA:FCOR) Sees Large Growth in Short Interest

Fidelity Corporate Bond ETF (NYSEARCA:FCOR) was the target of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 19,318 shares, an increase of 330.4% from the February 26th total of 4,488 shares. Based on an average trading volume of 52,892 shares, the short-interest ratio is currently 0.4 days. Currently, 0.3% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cetera Investment Advisers increased its holdings in shares of Fidelity Corporate Bond ETF by 693.4% during the fourth quarter. Cetera Investment Advisers now owns 204,731 shares of the company’s stock worth $9,792,000 after purchasing an additional 178,926 shares during the period. OneDigital Investment Advisors LLC grew its position in Fidelity Corporate Bond ETF by 147.6% during the third quarter. OneDigital Investment Advisors LLC now owns 133,936 shares of the company’s stock worth $6,429,000 after buying an additional 79,842 shares in the last quarter. Jaffetilchin Investment Partners LLC grew its position in Fidelity Corporate Bond ETF by 99.6% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 117,716 shares of the company’s stock worth $5,630,000 after buying an additional 58,744 shares in the last quarter. Jane Street Group LLC bought a new position in Fidelity Corporate Bond ETF during the 2nd quarter worth $2,252,000. Finally, Arwa LLC bought a new position in Fidelity Corporate Bond ETF during the 4th quarter worth $1,689,000.

Fidelity Corporate Bond ETF Trading Down 0.6%

Fidelity Corporate Bond ETF stock traded down $0.30 during mid-day trading on Thursday, hitting $46.93. 53,014 shares of the company’s stock traded hands, compared to its average volume of 39,835. The firm has a 50 day simple moving average of $47.86 and a two-hundred day simple moving average of $48.03. Fidelity Corporate Bond ETF has a fifty-two week low of $45.00 and a fifty-two week high of $48.79.

Fidelity Corporate Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 26th were paid a dividend of $0.17 per share. The ex-dividend date was Thursday, February 26th. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. This is a boost from Fidelity Corporate Bond ETF’s previous monthly dividend of $0.17.

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.