Fidelity Low Duration Bond ETF (NASDAQ:FLDB) Sees Large Growth in Short Interest

Fidelity Low Duration Bond ETF (NASDAQ:FLDB) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 5,790 shares, a growth of 99.1% from the September 30th total of 2,908 shares. Based on an average daily volume of 28,511 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Fidelity Low Duration Bond ETF Trading Up 0.1%

NASDAQ:FLDB opened at $50.27 on Tuesday. The firm’s fifty day moving average price is $50.27 and its 200 day moving average price is $50.35. Fidelity Low Duration Bond ETF has a 1-year low of $50.06 and a 1-year high of $50.93.

Fidelity Low Duration Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, November 2nd. Shareholders of record on Thursday, October 29th were given a dividend of $0.1670 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Thursday, October 29th. This is an increase from Fidelity Low Duration Bond ETF’s previous monthly dividend of $0.1580.

Institutional Trading of Fidelity Low Duration Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in FLDB. Harmony Asset Management LLC purchased a new position in Fidelity Low Duration Bond ETF during the first quarter worth about $6,980,000. Envestnet Asset Management Inc. boosted its holdings in Fidelity Low Duration Bond ETF by 14.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 32,892 shares of the company’s stock valued at $1,653,000 after purchasing an additional 4,108 shares in the last quarter. Midwest Financial Network LLC boosted its holdings in Fidelity Low Duration Bond ETF by 119.6% in the 3rd quarter. Midwest Financial Network LLC now owns 20,210 shares of the company’s stock valued at $1,013,000 after purchasing an additional 11,005 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in Fidelity Low Duration Bond ETF in the 2nd quarter valued at approximately $51,000.

Fidelity Low Duration Bond ETF Company Profile

The Fidelity Low Duration Bond ETF (FLDB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of investment-grade, domestic and foreign fixed income securities with broad maturities. It aims to maintain a dollar-weighted average portfolio maturity of two years or less, and duration of one year or less. FLDB was launched on Feb 22, 2024 and is issued by Fidelity.