Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) Short Interest Update

Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) was the recipient of a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 26,262 shares, a decline of 67.0% from the February 12th total of 79,609 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 57,175 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 57,175 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.4% of the company’s stock are sold short.

Fidelity Limited Term Bond ETF Stock Down 0.0%

NYSEARCA:FLTB opened at $50.63 on Wednesday. The company has a market cap of $359.47 million, a PE ratio of 32.04 and a beta of 0.10. The business’s 50 day moving average is $50.78 and its two-hundred day moving average is $50.77. Fidelity Limited Term Bond ETF has a 52 week low of $49.41 and a 52 week high of $51.15.

Fidelity Limited Term Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 26th were given a dividend of $0.165 per share. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Thursday, February 26th. Fidelity Limited Term Bond ETF’s dividend payout ratio is currently 138.61%.

Hedge Funds Weigh In On Fidelity Limited Term Bond ETF

A number of hedge funds have recently added to or reduced their stakes in FLTB. Global Retirement Partners LLC raised its holdings in shares of Fidelity Limited Term Bond ETF by 3,519.4% during the third quarter. Global Retirement Partners LLC now owns 84,513 shares of the company’s stock worth $4,281,000 after purchasing an additional 82,178 shares during the period. Flow Traders U.S. LLC bought a new stake in shares of Fidelity Limited Term Bond ETF during the 2nd quarter valued at about $1,492,000. Centurion Wealth Management LLC bought a new stake in shares of Fidelity Limited Term Bond ETF during the 3rd quarter valued at about $1,018,000. Osaic Holdings Inc. raised its stake in 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 worth $4,888,000 after acquiring an additional 15,702 shares during the period. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in Fidelity Limited Term Bond ETF during the second quarter worth about $1,406,000. 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.