Short Interest in Fidelity Corporate Bond ETF (NYSEARCA:FCOR) Declines By 42.7%

Fidelity Corporate Bond ETF (NYSEARCA:FCOR) saw a significant decline in short interest in December. As of December 15th, there was short interest totaling 23,284 shares, a decline of 42.7% from the November 30th total of 40,611 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average trading volume of 39,024 shares, the short-interest ratio is currently 0.6 days. Based on an average trading volume of 39,024 shares, the short-interest ratio is currently 0.6 days. Approximately 0.4% of the company’s stock are sold short.

Fidelity Corporate Bond ETF Price Performance

NYSEARCA FCOR traded up $0.06 during trading hours on Friday, hitting $48.23. The company’s stock had a trading volume of 14,271 shares, compared to its average volume of 33,469. Fidelity Corporate Bond ETF has a 52 week low of $45.00 and a 52 week high of $48.79. The company’s 50-day simple moving average is $48.13 and its two-hundred day simple moving average is $47.77.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FCOR. Sunbelt Securities Inc. raised its position in Fidelity Corporate Bond ETF by 8,233.3% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,000 shares of the company’s stock valued at $48,000 after buying an additional 988 shares during the last quarter. Advisory Services Network LLC purchased a new position in Fidelity Corporate Bond ETF during the 3rd quarter worth $76,000. High Falls Advisors Inc grew its stake in shares of Fidelity Corporate Bond ETF by 12.1% in the 3rd quarter. High Falls Advisors Inc now owns 6,634 shares of the company’s stock worth $318,000 after acquiring an additional 717 shares in the last quarter. Flow Traders U.S. LLC raised its holdings in shares of Fidelity Corporate Bond ETF by 352.5% in the third quarter. Flow Traders U.S. LLC now owns 20,211 shares of the company’s stock valued at $970,000 after purchasing an additional 15,744 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new stake in shares of Fidelity Corporate Bond ETF in the third quarter valued at about $1,325,000.

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.