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

Fidelity Tactical Bond ETF (NYSEARCA:FTBD) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 4,442 shares, a decrease of 39.2% from the July 30th total of 7,301 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average daily trading volume, of 3,002 shares, the days-to-cover ratio is presently 1.5 days.

Fidelity Tactical Bond ETF Stock Performance

Fidelity Tactical Bond ETF stock remained flat at $48.21 during midday trading on Wednesday. The company had a trading volume of 1,511 shares, compared to its average volume of 4,334. The company’s fifty day moving average is $48.78 and its two-hundred day moving average is $49.21. Fidelity Tactical Bond ETF has a 1-year low of $48.21 and a 1-year high of $50.56.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Jane Street Group LLC increased its holdings in shares of Fidelity Tactical Bond ETF by 253.9% during the first quarter. Jane Street Group LLC now owns 39,189 shares of the company’s stock worth $1,916,000 after purchasing an additional 28,115 shares during the period. Osaic Holdings Inc. raised its holdings in Fidelity Tactical Bond ETF by 12.8% during the 2nd quarter. Osaic Holdings Inc. now owns 5,266 shares of the company’s stock worth $260,000 after purchasing an additional 596 shares during the last quarter. Citadel Advisors LLC increased its holdings in Fidelity Tactical Bond ETF by 39.5% in the third quarter. Citadel Advisors LLC now owns 30,537 shares of the company’s stock worth $1,527,000 after purchasing an additional 8,648 shares in the last quarter. Advisory Services Network LLC bought a new stake in Fidelity Tactical Bond ETF in the 3rd quarter valued at about $25,000. Finally, Sunbelt Securities Inc. increased its position in shares of Fidelity Tactical Bond ETF by 2,354.1% during the third quarter. Sunbelt Securities Inc. now owns 4,172 shares of the company’s stock worth $209,000 after acquiring an additional 4,002 shares in the last quarter.

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.