Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) Short Interest Update

Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 26,593 shares, an increase of 201.7% from the June 15th total of 8,814 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 40,502 shares, the short-interest ratio is presently 0.7 days.

Fidelity Limited Term Bond ETF Trading Down 0.2%

Fidelity Limited Term Bond ETF stock traded down $0.09 during mid-day trading on Monday, reaching $49.98. The company’s stock had a trading volume of 33,785 shares, compared to its average volume of 48,331. Fidelity Limited Term Bond ETF has a twelve month low of $49.95 and a twelve month high of $51.15. The business has a 50 day moving average price of $50.20 and a 200-day moving average price of $50.48. The firm has a market cap of $414.83 million, a price-to-earnings ratio of 31.63 and a beta of 0.11.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Holos Integrated Wealth LLC bought a new stake in shares of Fidelity Limited Term Bond ETF during the 4th quarter valued at about $8,270,000. Bank of America Corp DE lifted its holdings in Fidelity Limited Term Bond ETF by 22.4% in the first quarter. Bank of America Corp DE now owns 843,161 shares of the company’s stock worth $42,386,000 after acquiring an additional 154,262 shares during the last quarter. Royal Bank of Canada lifted its holdings in Fidelity Limited Term Bond ETF by 3,016.1% in the fourth quarter. Royal Bank of Canada now owns 110,215 shares of the company’s stock worth $5,583,000 after acquiring an additional 106,678 shares during the last quarter. Kestra Advisory Services LLC lifted its holdings in Fidelity Limited Term Bond ETF by 117.5% in the fourth quarter. Kestra Advisory Services LLC now owns 113,220 shares of the company’s stock worth $5,736,000 after acquiring an additional 61,172 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its stake in Fidelity Limited Term Bond ETF by 331.0% in the first quarter. Sanctuary Advisors LLC now owns 71,713 shares of the company’s stock valued at $3,605,000 after acquiring an additional 55,076 shares during the period. 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.