Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) Short Interest Down 45.2% in September

Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) was the target of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 32,400 shares, a decrease of 45.2% from the August 31st total of 59,100 shares. Based on an average daily trading volume, of 24,400 shares, the short-interest ratio is presently 1.3 days. Based on an average daily trading volume, of 24,400 shares, the short-interest ratio is presently 1.3 days.

Fidelity Limited Term Bond ETF Price Performance

Shares of FLTB opened at $50.71 on Monday. The company has a market capitalization of $273.83 million, a PE ratio of 32.09 and a beta of 0.10. Fidelity Limited Term Bond ETF has a one year low of $49.24 and a one year high of $51.00. The company’s fifty day moving average price is $50.66 and its 200 day moving average price is $50.31.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Assetmark Inc. bought a new stake in shares of Fidelity Limited Term Bond ETF in the first quarter valued at approximately $3,201,000. Algorithmic Investment Models LLC acquired a new stake in Fidelity Limited Term Bond ETF in the 1st quarter worth $2,396,000. Vestmark Advisory Solutions Inc. grew its position in Fidelity Limited Term Bond ETF by 60.8% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 116,404 shares of the company’s stock worth $5,867,000 after purchasing an additional 43,997 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Fidelity Limited Term Bond ETF by 425.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 40,034 shares of the company’s stock worth $1,987,000 after purchasing an additional 32,409 shares during the period. Finally, Islay Capital Management LLC raised its position in shares of Fidelity Limited Term Bond ETF by 354.9% during the first quarter. Islay Capital Management LLC now owns 40,355 shares of the company’s stock valued at $2,021,000 after buying an additional 31,483 shares during the last quarter. 2.01% of the stock is owned by institutional investors.

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.