Fidelity Low Duration Bond ETF (NASDAQ:FLDB) Sees Significant Drop in Short Interest

Fidelity Low Duration Bond ETF (NASDAQ:FLDB) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 2,528 shares, a decline of 85.3% from the August 15th total of 17,160 shares. Based on an average daily trading volume, of 7,903 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the shares of the stock are short sold.

Fidelity Low Duration Bond ETF Stock Up 0.0%

Shares of NASDAQ:FLDB traded up $0.01 during trading on Friday, reaching $50.27. The company’s stock had a trading volume of 12,517 shares, compared to its average volume of 7,823. Fidelity Low Duration Bond ETF has a 12 month low of $50.15 and a 12 month high of $50.93. The firm’s 50 day simple moving average is $50.32 and its two-hundred day simple moving average is $50.35.

Fidelity Low Duration Bond ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 28th were given a dividend of $0.167 per share. The ex-dividend date was Friday, August 28th. This represents a c) dividend on an annualized basis and a yield of 4.0%.

Hedge Funds Weigh In On Fidelity Low Duration Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Harmony Asset Management LLC purchased a new stake in Fidelity Low Duration Bond ETF during the 1st quarter valued at $6,980,000. JPMorgan Chase & Co. boosted its stake in Fidelity Low Duration Bond ETF by 2,138.2% during the second quarter. JPMorgan Chase & Co. now owns 19,472 shares of the company’s stock worth $982,000 after buying an additional 18,602 shares during the period. &PARTNERS purchased a new position in Fidelity Low Duration Bond ETF during the fourth quarter worth $767,000. Cetera Investment Advisers boosted its stake in Fidelity Low Duration Bond ETF by 220.0% during the fourth quarter. Cetera Investment Advisers now owns 17,652 shares of the company’s stock worth $889,000 after buying an additional 12,136 shares during the period. Finally, Jane Street Group LLC increased its position in Fidelity Low Duration Bond ETF by 110.0% during the second quarter. Jane Street Group LLC now owns 20,195 shares of the company’s stock valued at $1,019,000 after acquiring an additional 10,579 shares during the last quarter.

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.