Short Interest in Fidelity Corporate Bond ETF (NYSEARCA:FCOR) Expands By 57.3%

Fidelity Corporate Bond ETF (NYSEARCA:FCOR) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 21,901 shares, a growth of 57.3% from the May 14th total of 13,922 shares. Based on an average trading volume of 35,171 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.3% of the shares of the stock are short sold.

Fidelity Corporate Bond ETF Stock Performance

Fidelity Corporate Bond ETF stock traded up $0.09 during mid-day trading on Tuesday, hitting $47.35. 29,246 shares of the company were exchanged, compared to its average volume of 37,906. Fidelity Corporate Bond ETF has a 1-year low of $46.57 and a 1-year high of $48.79. The business has a fifty day moving average of $47.25 and a 200 day moving average of $47.66.

Institutional Investors Weigh In On Fidelity Corporate Bond ETF

A number of hedge funds have recently added to or reduced their stakes in FCOR. Cetera Investment Advisers grew its holdings in Fidelity Corporate Bond ETF by 693.4% during the 4th quarter. Cetera Investment Advisers now owns 204,731 shares of the company’s stock worth $9,792,000 after acquiring an additional 178,926 shares during the last quarter. Kestra Advisory Services LLC grew its holdings in Fidelity Corporate Bond ETF by 48.4% during the 1st quarter. Kestra Advisory Services LLC now owns 357,600 shares of the company’s stock worth $16,854,000 after acquiring an additional 116,695 shares during the last quarter. OneDigital Investment Advisors LLC grew its holdings in Fidelity Corporate Bond ETF by 147.6% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 133,936 shares of the company’s stock worth $6,429,000 after acquiring an additional 79,842 shares during the last quarter. Jaffetilchin Investment Partners LLC grew its holdings in Fidelity Corporate Bond ETF by 99.6% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 117,716 shares of the company’s stock worth $5,630,000 after acquiring an additional 58,744 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in Fidelity Corporate Bond ETF during the 2nd quarter worth about $2,252,000.

Fidelity Corporate Bond ETF Company Profile

The Fidelity Corporate Bond ETF (FCOR) is an exchange-traded fund that is based on the Bloomberg U.S. Credit Bond index. The fund is an actively managed USD corporate bond fund. It aims to have similar interest-rate risk as the Barclays US Credit Bond Index. FCOR was launched on Oct 6, 2014 and is managed by Fidelity.