Fidelity Corporate Bond ETF (NYSEARCA:FCOR) Short Interest Down 52.2% in June

Fidelity Corporate Bond ETF (NYSEARCA:FCOR) was the target of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 2,561 shares, a decline of 52.2% from the June 15th total of 5,361 shares. Based on an average daily trading volume, of 33,316 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Investors Weigh In On Fidelity Corporate Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Midwest Financial Network LLC boosted its holdings in Fidelity Corporate Bond ETF by 96.9% in the second quarter. Midwest Financial Network LLC now owns 20,692 shares of the company’s stock valued at $976,000 after acquiring an additional 10,182 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Fidelity Corporate Bond ETF by 1.0% in the 1st quarter. Bank of America Corp DE now owns 60,280 shares of the company’s stock valued at $2,841,000 after purchasing an additional 608 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Fidelity Corporate Bond ETF by 41.5% in the 1st quarter. Royal Bank of Canada now owns 5,761 shares of the company’s stock valued at $272,000 after purchasing an additional 1,691 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Fidelity Corporate Bond ETF by 15.3% during the 1st quarter. Cetera Investment Advisers now owns 236,088 shares of the company’s stock worth $11,127,000 after buying an additional 31,357 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in shares of Fidelity Corporate Bond ETF by 4.5% during the first quarter. PNC Financial Services Group Inc. now owns 11,395 shares of the company’s stock worth $537,000 after buying an additional 492 shares during the last quarter.

Fidelity Corporate Bond ETF Price Performance

Shares of FCOR stock traded up $0.14 during trading hours on Wednesday, reaching $46.81. 42,292 shares of the company were exchanged, compared to its average volume of 38,253. Fidelity Corporate Bond ETF has a fifty-two week low of $46.57 and a fifty-two week high of $48.79. The stock’s fifty day moving average is $47.11 and its two-hundred day moving average is $47.51.

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.