Fidelity Low Duration Bond Factor ETF (BATS:FLDR) Sees Significant Growth in Short Interest

Fidelity Low Duration Bond Factor ETF (BATS:FLDR) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 13,183 shares, a growth of 269.8% from the July 15th total of 3,565 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 202,531 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN grew its stake in shares of Fidelity Low Duration Bond Factor ETF by 2.9% in the fourth quarter. Wells Fargo & Company MN now owns 1,023,685 shares of the company’s stock valued at $51,420,000 after buying an additional 29,079 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in Fidelity Low Duration Bond Factor ETF by 47.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 644,156 shares of the company’s stock worth $32,356,000 after acquiring an additional 205,846 shares in the last quarter. Raymond James Financial Inc. lifted its stake in Fidelity Low Duration Bond Factor ETF by 6.8% during the 3rd quarter. Raymond James Financial Inc. now owns 617,681 shares of the company’s stock worth $31,008,000 after acquiring an additional 39,542 shares in the last quarter. LPL Financial LLC lifted its stake in Fidelity Low Duration Bond Factor ETF by 12.4% during the 4th quarter. LPL Financial LLC now owns 533,043 shares of the company’s stock worth $26,775,000 after acquiring an additional 58,829 shares in the last quarter. Finally, AE Wealth Management LLC boosted its holdings in Fidelity Low Duration Bond Factor ETF by 17.5% during the 4th quarter. AE Wealth Management LLC now owns 399,536 shares of the company’s stock valued at $20,069,000 after acquiring an additional 59,482 shares during the period.

Fidelity Low Duration Bond Factor ETF Stock Performance

Shares of FLDR stock opened at $50.06 on Thursday. The firm’s 50 day moving average price is $50.13 and its 200-day moving average price is $50.17. Fidelity Low Duration Bond Factor ETF has a one year low of $49.02 and a one year high of $50.62.

Fidelity Low Duration Bond Factor ETF Company Profile

The Fidelity Low Duration Bond Factor ETF (FLDR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a modified market-value-weighted index of US investment-grade floating-rate bonds and fixed-rate Treasury notes with a target portfolio duration of less than one year. FLDR was launched on Jun 12, 2018 and is managed by Fidelity.