Fidelity Low Duration Bond ETF (NASDAQ:FLDB) Short Interest Up 270.7% in July

Fidelity Low Duration Bond ETF (NASDAQ:FLDB) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 6,065 shares, an increase of 270.7% from the July 15th total of 1,636 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 11,790 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of Fidelity Low Duration Bond ETF

A number of hedge funds have recently bought and sold shares of the stock. Cetera Investment Advisers bought a new stake in shares of Fidelity Low Duration Bond ETF in the second quarter valued at about $234,000. JPMorgan Chase & Co. grew its holdings in shares of Fidelity Low Duration Bond ETF by 2,138.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 19,472 shares of the company’s stock worth $982,000 after purchasing an additional 18,602 shares in the last quarter. Jane Street Group LLC increased its position in shares of 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 purchasing an additional 10,579 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Fidelity Low Duration Bond ETF by 135.7% in the third quarter. Envestnet Asset Management Inc. now owns 13,446 shares of the company’s stock valued at $680,000 after purchasing an additional 7,741 shares in the last quarter. Finally, LPL Financial LLC acquired a new stake in Fidelity Low Duration Bond ETF during the fourth quarter worth $412,000.

Fidelity Low Duration Bond ETF Price Performance

Shares of NASDAQ FLDB traded down $0.01 during trading hours on Friday, hitting $50.37. 15,805 shares of the company’s stock were exchanged, compared to its average volume of 7,830. The company’s 50-day moving average price is $50.32 and its 200-day moving average price is $50.37. Fidelity Low Duration Bond ETF has a 1-year low of $50.15 and a 1-year high of $50.93.

Fidelity Low Duration Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, August 3rd. Stockholders of record on Thursday, July 30th were paid a $0.165 dividend. The ex-dividend date was Thursday, July 30th. This represents a c) annualized dividend and a dividend yield of 3.9%.

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.