Short Interest in Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) Expands By 134.3%

Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 26,774 shares, an increase of 134.3% from the December 15th total of 11,426 shares. Based on an average daily volume of 42,780 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.4% of the company’s shares are short sold. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 42,780 shares, the days-to-cover ratio is currently 0.6 days.

Fidelity Limited Term Bond ETF Trading Down 0.0%

FLTB stock traded down $0.01 during midday trading on Wednesday, hitting $50.77. The stock had a trading volume of 4,083 shares, compared to its average volume of 63,283. The firm has a market cap of $345.24 million, a P/E ratio of 32.13 and a beta of 0.10. The business has a fifty day moving average price of $50.74 and a two-hundred day moving average price of $50.66. Fidelity Limited Term Bond ETF has a 1-year low of $49.41 and a 1-year high of $51.07.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. lifted its stake in Fidelity Limited Term Bond ETF by 21.0% in the third quarter. Envestnet Asset Management Inc. now owns 278,124 shares of the company’s stock worth $14,090,000 after purchasing an additional 48,290 shares during the last quarter. Holos Integrated Wealth LLC purchased a new position in Fidelity Limited Term Bond ETF during the 4th quarter valued at $8,270,000. Bank of America Corp DE grew its position in Fidelity Limited Term Bond ETF by 15.4% in the 3rd quarter. Bank of America Corp DE now owns 132,655 shares of the company’s stock valued at $6,720,000 after acquiring an additional 17,691 shares during the last quarter. Vestmark Advisory Solutions Inc. lifted its position in shares of Fidelity Limited Term Bond ETF by 60.8% during the second quarter. Vestmark Advisory Solutions Inc. now owns 116,404 shares of the company’s stock worth $5,867,000 after purchasing an additional 43,997 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its stake in shares of Fidelity Limited Term Bond ETF by 19.3% during the second quarter. Osaic Holdings Inc. now owns 96,898 shares of the company’s stock valued at $4,888,000 after purchasing an additional 15,702 shares during the period. Institutional investors and hedge funds own 2.01% of the company’s stock.

About Fidelity Limited Term Bond ETF

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.