Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) Sees Significant Growth in Short Interest

Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 25,585 shares, a growth of 1,418.4% from the August 15th total of 1,685 shares. Based on an average daily volume of 79,271 shares, the short-interest ratio is currently 0.3 days. Approximately 0.3% of the company’s stock are short sold.

Fidelity Limited Term Bond ETF Stock Performance

Shares of Fidelity Limited Term Bond ETF stock traded down $0.23 during trading on Thursday, hitting $49.50. 247,044 shares of the stock traded hands, compared to its average volume of 53,543. The stock has a market cap of $410.85 million, a P/E ratio of 31.33 and a beta of 0.11. Fidelity Limited Term Bond ETF has a twelve month low of $49.42 and a twelve month high of $51.15. The company has a fifty day moving average price of $50.00 and a two-hundred day moving average price of $50.24.

Institutional Trading of Fidelity Limited Term Bond ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp lifted its stake in Fidelity Limited Term Bond ETF by 1,269.0% in the first quarter. Jones Financial Companies Lllp now owns 6,270 shares of the company’s stock valued at $314,000 after acquiring an additional 5,812 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Fidelity Limited Term Bond ETF by 315.5% during the 1st quarter. Jane Street Group LLC now owns 33,976 shares of the company’s stock worth $1,702,000 after purchasing an additional 25,798 shares during the last quarter. Focus Partners Wealth increased its stake in shares of Fidelity Limited Term Bond ETF by 3,043.4% during the 1st quarter. Focus Partners Wealth now owns 20,118 shares of the company’s stock worth $1,008,000 after purchasing an additional 19,478 shares during the last quarter. Cetera Investment Advisers bought a new position in shares of Fidelity Limited Term Bond ETF during the 2nd quarter valued at $518,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Fidelity Limited Term Bond ETF by 8.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 11,695 shares of the company’s stock valued at $589,000 after purchasing an additional 916 shares in the last quarter. 2.01% of the stock is currently owned by institutional investors and hedge funds.

Fidelity Limited Term Bond ETF Company Profile

The Fidelity Limited Term Bond ETF (FLTB) is an exchange-traded fund that is based on the Fidelity Limited Term Composite index. The fund is an actively managed, broad-based bond fund with a primary focus on investment-grade credits and a targeted average maturity between two and five years. FLTB was launched on Oct 6, 2014 and is managed by Fidelity.