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

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Jane Street Group LLC lifted its holdings in shares of Fidelity Tactical Bond ETF by 253.9% in the 1st quarter. Jane Street Group LLC now owns 39,189 shares of the company’s stock worth $1,916,000 after acquiring an additional 28,115 shares during the last quarter. Osaic Holdings Inc. lifted its stake in shares of Fidelity Tactical Bond ETF by 12.8% during the second quarter. Osaic Holdings Inc. now owns 5,266 shares of the company’s stock worth $260,000 after buying an additional 596 shares during the period. Citadel Advisors LLC increased its holdings in shares of Fidelity Tactical Bond ETF by 39.5% in the third quarter. Citadel Advisors LLC now owns 30,537 shares of the company’s stock valued at $1,527,000 after purchasing an additional 8,648 shares during the period. Advisory Services Network LLC purchased a new position in Fidelity Tactical Bond ETF during the 3rd quarter worth approximately $25,000. Finally, Sunbelt Securities Inc. raised its holdings 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 purchasing an additional 4,002 shares during the last quarter.

Fidelity Tactical Bond ETF Price Performance

NYSEARCA:FTBD remained flat at $48.38 during mid-day trading on Monday. 785 shares of the company traded hands, compared to its average volume of 4,361. The company has a 50 day moving average price of $48.82 and a two-hundred day moving average price of $49.23. Fidelity Tactical Bond ETF has a 1-year low of $48.23 and a 1-year high of $50.56.

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.