Fidelity Total Bond ETF (NYSEARCA:FBND) Stock Short Interest Jumps 631.7%

Fidelity Total Bond ETF (NYSEARCA:FBND) saw a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 4,702,412 shares, a growth of 631.7% from the October 15th total of 642,669 shares. Based on an average daily volume of 4,367,864 shares, the short-interest ratio is presently 1.1 days. Currently, 0.7% of the company’s shares are sold short.

Fidelity Total Bond ETF Stock Down 0.7%

Shares of Fidelity Total Bond ETF stock opened at $44.04 on Wednesday. The business’s fifty day simple moving average is $43.98 and its 200-day simple moving average is $45.21. Fidelity Total Bond ETF has a 52 week low of $43.11 and a 52 week high of $46.78. The firm has a market cap of $28.39 billion, a PE ratio of 8.94 and a beta of 0.28.

Institutional Investors Weigh In On Fidelity Total Bond ETF

Hedge funds have recently bought and sold shares of the stock. Community Financial Services Group LLC purchased a new position in Fidelity Total Bond ETF in the second quarter valued at $32,000. Maryland Capital Advisors Inc. acquired a new position in Fidelity Total Bond ETF in the second quarter valued at $37,000. Manning & Napier Advisors LLC purchased a new stake in shares of Fidelity Total Bond ETF in the first quarter valued at about $53,000. Mosley Wealth Management acquired a new stake in Fidelity Total Bond ETF during the 3rd quarter worth approximately $64,000. Finally, Archer Investment Corp raised its stake in shares of Fidelity Total Bond ETF by 17.2% during the first quarter. Archer Investment Corp now owns 2,216 shares of the company’s stock worth $101,000 after purchasing an additional 325 shares during the last quarter.

Fidelity Total Bond ETF Company Profile

The Fidelity Total Bond ETF (FBND) is an exchange-traded fund that is based on the Bloomberg U.S. Universal Bond index. The fund is an actively managed broad market bond fund that uses the Barclays US Universal Bond Index to guide its sector allocation and duration exposure. FBND was launched on Oct 6, 2014 and is managed by Fidelity.