Fidelity Tactical Bond ETF (NYSEARCA:FTBD) Sees Large Decrease in Short Interest

Fidelity Tactical Bond ETF (NYSEARCA:FTBD) was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 7,301 shares, a decrease of 37.8% from the July 15th total of 11,732 shares. Based on an average daily trading volume, of 4,564 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.9% of the company’s stock are short sold.

Hedge Funds Weigh In On Fidelity Tactical Bond ETF

A number of large investors have recently modified their holdings of FTBD. Advisory Services Network LLC acquired a new stake in Fidelity Tactical Bond ETF in the 3rd quarter valued at $25,000. Kestra Advisory Services LLC acquired a new position in Fidelity Tactical Bond ETF during the fourth quarter worth $66,000. Sunbelt Securities Inc. lifted its stake in shares of Fidelity Tactical Bond ETF by 2,354.1% in the third quarter. Sunbelt Securities Inc. now owns 4,172 shares of the company’s stock valued at $209,000 after buying an additional 4,002 shares in the last quarter. Osaic Holdings Inc. lifted its stake in shares of Fidelity Tactical Bond ETF by 12.8% in the second quarter. Osaic Holdings Inc. now owns 5,266 shares of the company’s stock valued at $260,000 after buying an additional 596 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its holdings in shares of Fidelity Tactical Bond ETF by 36.2% during the fourth quarter. Arkadios Wealth Advisors now owns 6,299 shares of the company’s stock valued at $312,000 after buying an additional 1,673 shares during the last quarter.

Fidelity Tactical Bond ETF Stock Up 0.1%

NYSEARCA:FTBD traded up $0.03 on Tuesday, hitting $48.47. The stock had a trading volume of 7,946 shares, compared to its average volume of 4,428. Fidelity Tactical Bond ETF has a 52 week low of $48.23 and a 52 week high of $50.56. The business’s fifty day moving average is $48.94 and its 200 day moving average is $49.30.

About Fidelity Tactical Bond ETF

The Fidelity Tactical Bond ETF (FTBD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that holds debt securities of any type, rating, and maturity, selected using a qualitative and quantitative security selection approach. FTBD was launched on Jan 24, 2023 and is managed by Fidelity.