Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) Shares Shorted: Short Interest Down 53.6% in October

Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) was the target of a significant decline in short interest in October. As of October 30th, there was short interest totaling 19,878 shares, a decline of 53.6% from the October 15th total of 42,882 shares. Based on an average daily trading volume, of 72,731 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the company’s shares are sold short.

Fidelity Limited Term Bond ETF Trading Down 0.1%

FLTB traded down $0.04 during mid-day trading on Friday, hitting $49.16. 42,879 shares of the stock were exchanged, compared to its average volume of 59,537. The firm’s fifty day moving average is $49.33 and its two-hundred day moving average is $50.06. Fidelity Limited Term Bond ETF has a 1-year low of $48.89 and a 1-year high of $51.15. The company has a market cap of $496.52 million, a PE ratio of 31.11 and a beta of 0.11.

Hedge Funds Weigh In On Fidelity Limited Term Bond ETF

Institutional investors have recently bought and sold shares of the company. Benjamin Edwards Inc. purchased a new stake in Fidelity Limited Term Bond ETF during the third quarter worth about $202,000. Whittier Trust Co. purchased a new position in shares of Fidelity Limited Term Bond ETF in the third quarter valued at approximately $75,000. Focus Advisor Solutions LLC boosted its stake in shares of Fidelity Limited Term Bond ETF by 1.0% in the third quarter. Focus Advisor Solutions LLC now owns 23,182 shares of the company’s stock valued at $1,135,000 after purchasing an additional 223 shares during the period. Global Retirement Partners LLC grew its holdings in shares of Fidelity Limited Term Bond ETF by 155.8% in the third quarter. Global Retirement Partners LLC now owns 1,550 shares of the company’s stock valued at $76,000 after purchasing an additional 944 shares in the last quarter. Finally, HighTower Advisors LLC acquired a new position in shares of Fidelity Limited Term Bond ETF in the third quarter valued at approximately $276,000. 2.01% of the stock is owned by institutional investors and hedge funds.

Fidelity Limited Term Bond ETF Company Profile

The Fidelity Limited Term Bond ETF (FLTB) is an exchange-traded fund that is based on the Fidelity Limited Term Composite index. The fund is an actively managed, broad-based bond fund with a primary focus on investment-grade credits and a targeted average maturity between two and five years. FLTB was launched on Oct 6, 2014 and is managed by Fidelity.