Fidelity Low Duration Bond Factor ETF (BATS:FLDR) Sees Significant Decrease in Short Interest

Fidelity Low Duration Bond Factor ETF (BATS:FLDR) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 16,940 shares, a drop of 57.3% from the May 31st total of 39,706 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 221,995 shares, the short-interest ratio is currently 0.1 days.

Fidelity Low Duration Bond Factor ETF Price Performance

Shares of FLDR stock opened at $50.27 on Monday. Fidelity Low Duration Bond Factor ETF has a 1 year low of $49.02 and a 1 year high of $50.62. The firm’s fifty day simple moving average is $50.15 and its 200 day simple moving average is $50.21.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sowell Financial Services LLC bought a new stake in shares of Fidelity Low Duration Bond Factor ETF in the fourth quarter valued at about $2,907,000. Savvy Advisors Inc. acquired a new stake in Fidelity Low Duration Bond Factor ETF during the fourth quarter worth about $741,000. Schwallier Wealth Management LLC bought a new position in Fidelity Low Duration Bond Factor ETF during the fourth quarter valued at about $2,404,000. Foundations Investment Advisors LLC increased its stake in Fidelity Low Duration Bond Factor ETF by 13.6% during the fourth quarter. Foundations Investment Advisors LLC now owns 165,588 shares of the company’s stock valued at $8,318,000 after acquiring an additional 19,764 shares during the period. Finally, World Investment Advisors acquired a new position in Fidelity Low Duration Bond Factor ETF in the 4th quarter valued at approximately $1,721,000.

Fidelity Low Duration Bond Factor ETF Company Profile

The Fidelity Low Duration Bond Factor ETF (FLDR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a modified market-value-weighted index of US investment-grade floating-rate bonds and fixed-rate Treasury notes with a target portfolio duration of less than one year. FLDR was launched on Jun 12, 2018 and is managed by Fidelity.