Fidelity Corporate Bond ETF (NYSEARCA:FCOR) Sees Significant Decline in Short Interest

Fidelity Corporate Bond ETF (NYSEARCA:FCOR) saw a significant decline in short interest in January. As of January 15th, there was short interest totaling 21,130 shares, a decline of 77.0% from the December 31st total of 91,834 shares. Based on an average daily trading volume, of 41,809 shares, the short-interest ratio is currently 0.5 days. Currently, 0.3% of the shares of the company are short sold. Currently, 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 41,809 shares, the short-interest ratio is currently 0.5 days.

Fidelity Corporate Bond ETF Trading Down 0.3%

Shares of FCOR stock traded down $0.12 during mid-day trading on Thursday, hitting $47.86. 35,636 shares of the stock were exchanged, compared to its average volume of 42,349. Fidelity Corporate Bond ETF has a 52-week low of $45.00 and a 52-week high of $48.79. The firm has a fifty day moving average of $48.01 and a 200 day moving average of $47.91.

Fidelity Corporate Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Thursday, January 29th will be issued a $0.168 dividend. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Thursday, January 29th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in FCOR. Envestnet Asset Management Inc. grew its stake in Fidelity Corporate Bond ETF by 11.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 177,955 shares of the company’s stock valued at $8,542,000 after acquiring an additional 18,891 shares during the period. Salus Financial Advisors LLC lifted its holdings in Fidelity Corporate Bond ETF by 4.9% during the fourth quarter. Salus Financial Advisors LLC now owns 145,736 shares of the company’s stock valued at $6,971,000 after purchasing an additional 6,766 shares in the last quarter. OneDigital Investment Advisors LLC grew its position in shares of Fidelity Corporate Bond ETF by 147.6% in the third quarter. OneDigital Investment Advisors LLC now owns 133,936 shares of the company’s stock valued at $6,429,000 after purchasing an additional 79,842 shares during the period. Jaffetilchin Investment Partners LLC increased its stake in shares of Fidelity Corporate Bond ETF by 99.6% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 117,716 shares of the company’s stock worth $5,630,000 after purchasing an additional 58,744 shares in the last quarter. Finally, Lakeshore Capital Group Inc. increased its stake in shares of Fidelity Corporate Bond ETF by 10.2% during the third quarter. Lakeshore Capital Group Inc. now owns 102,753 shares of the company’s stock worth $4,932,000 after purchasing an additional 9,523 shares in the last quarter.

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.