Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) Sees Large Growth in Short Interest

Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 12,665 shares, an increase of 247.5% from the March 31st total of 3,645 shares. Based on an average daily trading volume, of 46,948 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the shares of the company are short sold.

Fidelity Limited Term Bond ETF Stock Down 0.0%

Shares of NYSEARCA FLTB traded down $0.01 during trading on Monday, reaching $50.55. 10,856 shares of the company traded hands, compared to its average volume of 47,746. The firm has a 50 day simple moving average of $50.53 and a 200-day simple moving average of $50.68. Fidelity Limited Term Bond ETF has a 52-week low of $49.79 and a 52-week high of $51.15. The stock has a market capitalization of $394.29 million, a PE ratio of 31.99 and a beta of 0.11.

Fidelity Limited Term Bond ETF Cuts Dividend

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

Institutional Trading of Fidelity Limited Term Bond ETF

Large investors have recently modified their holdings of the company. Spire Wealth Management bought a new position in Fidelity Limited Term Bond ETF in the fourth quarter valued at about $35,000. Garton & Associates Financial Advisors LLC bought a new position in shares of Fidelity Limited Term Bond ETF in the 4th quarter worth approximately $40,000. Investment Research & Advisory Group Inc. purchased a new position in shares of Fidelity Limited Term Bond ETF in the fourth quarter worth approximately $41,000. MMA Asset Management LLC bought a new stake in Fidelity Limited Term Bond ETF during the third quarter valued at approximately $53,000. Finally, Root Financial Partners LLC purchased a new stake in Fidelity Limited Term Bond ETF during the first quarter valued at approximately $68,000. Institutional investors 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.