Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) Shares Shorted: Short Interest Up 61.8% in September

Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 44,672 shares, an increase of 61.8% from the September 15th total of 27,603 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily volume of 82,989 shares, the short-interest ratio is presently 0.5 days.

Fidelity Limited Term Bond ETF Stock Performance

NYSEARCA FLTB traded up $0.04 during trading hours on Friday, reaching $49.29. 3,612 shares of the company’s stock were exchanged, compared to its average volume of 56,350. The company has a market capitalization of $483.04 million, a price-to-earnings ratio of 31.20 and a beta of 0.11. The company’s 50-day moving average is $49.61 and its two-hundred day moving average is $50.00. Fidelity Limited Term Bond ETF has a one year low of $48.89 and a one year high of $51.15.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. bought a new stake in shares of Fidelity Limited Term Bond ETF during the 3rd quarter valued at $2,385,000. Farther Finance Advisors LLC lifted its position in Fidelity Limited Term Bond ETF by 20.3% during the third quarter. Farther Finance Advisors LLC now owns 20,341 shares of the company’s stock valued at $996,000 after purchasing an additional 3,428 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Fidelity Limited Term Bond ETF by 19.4% during the second quarter. Envestnet Asset Management Inc. now owns 446,264 shares of the company’s stock valued at $22,371,000 after purchasing an additional 72,542 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in Fidelity Limited Term Bond ETF during the second quarter valued at $74,000. Finally, Waverly Advisors LLC bought a new stake in Fidelity Limited Term Bond ETF during the second quarter valued at about $1,494,000. Hedge funds and other institutional investors own 2.01% of the company’s stock.

About Fidelity Limited Term Bond ETF

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.