Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) Short Interest Update

Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) was the target of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 1,685 shares, a drop of 91.6% from the July 30th total of 20,079 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 48,424 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On Fidelity Limited Term Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE grew its holdings in Fidelity Limited Term Bond ETF by 22.4% during the 1st quarter. Bank of America Corp DE now owns 843,161 shares of the company’s stock worth $42,386,000 after acquiring an additional 154,262 shares during the period. Royal Bank of Canada grew its stake in shares of Fidelity Limited Term Bond ETF by 13.1% during the first quarter. Royal Bank of Canada now owns 124,656 shares of the company’s stock worth $6,266,000 after purchasing an additional 14,441 shares during the period. Cetera Investment Advisers increased its holdings in Fidelity Limited Term Bond ETF by 38.2% in the first quarter. Cetera Investment Advisers now owns 59,991 shares of the company’s stock valued at $3,016,000 after purchasing an additional 16,571 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in Fidelity Limited Term Bond ETF by 331.0% in the first quarter. Sanctuary Advisors LLC now owns 71,713 shares of the company’s stock valued at $3,605,000 after buying an additional 55,076 shares during the period. Finally, Fifth Third Bancorp bought a new position in Fidelity Limited Term Bond ETF during the first quarter worth about $101,000. 2.01% of the stock is owned by institutional investors.

Fidelity Limited Term Bond ETF Stock Performance

NYSEARCA:FLTB traded down $0.02 on Thursday, hitting $50.13. 44,752 shares of the stock were exchanged, compared to its average volume of 49,813. Fidelity Limited Term Bond ETF has a 52 week low of $49.42 and a 52 week high of $51.15. The stock has a market capitalization of $416.08 million, a price-to-earnings ratio of 31.73 and a beta of 0.11. The company’s 50-day moving average price is $50.08 and its 200 day moving average price is $50.31.

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.