Fidelity Corporate Bond ETF (NYSEARCA:FCOR) Sees Significant Decline in Short Interest

Fidelity Corporate Bond ETF (NYSEARCA:FCOR) saw a significant decrease in short interest in June. As of June 30th, there was short interest totaling 2,561 shares, a decrease of 52.2% from the June 15th total of 5,361 shares. Based on an average trading volume of 33,316 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Fidelity Corporate Bond ETF Stock Up 0.1%

Shares of Fidelity Corporate Bond ETF stock traded up $0.04 on Thursday, hitting $46.85. The stock had a trading volume of 55,141 shares, compared to its average volume of 38,379. Fidelity Corporate Bond ETF has a 52-week low of $46.57 and a 52-week high of $48.79. The company’s 50 day moving average price is $47.11 and its 200 day moving average price is $47.51.

Institutional Investors Weigh In On Fidelity Corporate Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cetera Investment Advisers raised its position in Fidelity Corporate Bond ETF by 693.4% in the 4th quarter. Cetera Investment Advisers now owns 204,731 shares of the company’s stock valued at $9,792,000 after purchasing an additional 178,926 shares during the last quarter. Kestra Advisory Services LLC boosted its stake in Fidelity Corporate Bond ETF by 48.4% during the 1st quarter. Kestra Advisory Services LLC now owns 357,600 shares of the company’s stock worth $16,854,000 after purchasing an additional 116,695 shares during the period. Jaffetilchin Investment Partners LLC grew its position in Fidelity Corporate Bond ETF by 99.6% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 117,716 shares of the company’s stock worth $5,630,000 after purchasing an additional 58,744 shares during the last quarter. Jane Street Group LLC purchased a new position in Fidelity Corporate Bond ETF during the 2nd quarter worth $2,252,000. Finally, Arwa LLC acquired a new position in Fidelity Corporate Bond ETF in the fourth quarter valued at $1,689,000.

Fidelity Corporate Bond ETF Company Profile

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.