Fidelity Total Bond ETF (NYSEARCA:FBND) Sees Large Growth in Short Interest

Fidelity Total Bond ETF (NYSEARCA:FBND) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 642,669 shares, an increase of 400.3% from the September 30th total of 128,462 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 5,682,724 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Fidelity Total Bond ETF

A number of large investors have recently made changes to their positions in FBND. Lebenthal Global Advisors LLC increased its stake in shares of Fidelity Total Bond ETF by 72.0% in the 3rd quarter. Lebenthal Global Advisors LLC now owns 525,237 shares of the company’s stock worth $22,743,000 after acquiring an additional 219,841 shares during the last quarter. Parcion Private Wealth LLC lifted its position in Fidelity Total Bond ETF by 5.1% in the third quarter. Parcion Private Wealth LLC now owns 177,812 shares of the company’s stock valued at $7,699,000 after buying an additional 8,612 shares during the last quarter. Partners Wealth Management LLC purchased a new position in Fidelity Total Bond ETF during the third quarter worth about $932,000. Founders Financial Securities LLC boosted its stake in Fidelity Total Bond ETF by 6.2% during the third quarter. Founders Financial Securities LLC now owns 778,543 shares of the company’s stock worth $33,711,000 after buying an additional 45,187 shares during the period. Finally, Interchange Capital Partners LLC increased its position in shares of Fidelity Total Bond ETF by 1.7% during the third quarter. Interchange Capital Partners LLC now owns 48,894 shares of the company’s stock valued at $2,117,000 after acquiring an additional 834 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

FBND stock traded down $0.09 during trading on Wednesday, hitting $44.06. The stock had a trading volume of 4,193,615 shares, compared to its average volume of 3,205,212. The company’s 50-day moving average price is $44.12 and its two-hundred day moving average price is $45.29. The stock has a market capitalization of $28.41 billion, a P/E ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a twelve month low of $43.11 and a twelve month high of $46.84.

About Fidelity Total Bond ETF

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.