Short Interest in Fidelity Corporate Bond ETF (NYSEARCA:FCOR) Grows By 1,050.9%

Fidelity Corporate Bond ETF (NYSEARCA:FCOR) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 9,610 shares, a growth of 1,050.9% from the August 15th total of 835 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 40,609 shares, the days-to-cover ratio is presently 0.2 days.

Fidelity Corporate Bond ETF Price Performance

Fidelity Corporate Bond ETF stock traded up $0.06 during trading hours on Friday, reaching $45.69. The stock had a trading volume of 12,049 shares, compared to its average volume of 38,652. The company has a fifty day simple moving average of $46.41 and a 200-day simple moving average of $47.02. Fidelity Corporate Bond ETF has a 52 week low of $45.60 and a 52 week high of $48.79.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FCOR. JPMorgan Chase & Co. raised its holdings in shares of Fidelity Corporate Bond ETF by 125.0% during the second quarter. JPMorgan Chase & Co. now owns 24,411 shares of the company’s stock valued at $1,155,000 after acquiring an additional 13,560 shares in the last quarter. Raymond James Financial Inc. grew its position in Fidelity Corporate Bond ETF by 2.8% during the 2nd quarter. Raymond James Financial Inc. now owns 94,535 shares of the company’s stock valued at $4,472,000 after purchasing an additional 2,554 shares during the last quarter. Jane Street Group LLC bought a new stake in Fidelity Corporate Bond ETF during the 2nd quarter valued at about $2,252,000. High Falls Advisors Inc bought a new position in shares of Fidelity Corporate Bond ETF during the second quarter valued at $280,000. Finally, Private Advisor Group LLC bought a new stake in Fidelity Corporate Bond ETF in the 3rd quarter worth about $276,000.

About Fidelity Corporate Bond ETF

The Fidelity Corporate Bond ETF (FCOR) is an exchange-traded fund that is based on the Bloomberg U.S. Credit Bond index. The fund is an actively managed USD corporate bond fund. It aims to have similar interest-rate risk as the Barclays US Credit Bond Index. FCOR was launched on Oct 6, 2014 and is managed by Fidelity.