Fidelity Total Bond ETF (NYSEARCA:FBND) Short Interest Up 208.8% in April

Fidelity Total Bond ETF (NYSEARCA:FBND) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 1,188,724 shares, a growth of 208.8% from the April 15th total of 384,963 shares. Based on an average trading volume of 2,323,555 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.2% of the shares of the company are short sold.

Fidelity Total Bond ETF Stock Down 0.6%

FBND stock traded down $0.28 during trading on Friday, reaching $45.22. 2,503,013 shares of the company’s stock were exchanged, compared to its average volume of 2,803,115. Fidelity Total Bond ETF has a 1-year low of $44.73 and a 1-year high of $46.86. The company’s fifty day moving average price is $45.78 and its 200-day moving average price is $46.12. The firm has a market cap of $25.34 billion, a PE ratio of 8.94 and a beta of 0.28.

Institutional Trading of Fidelity Total Bond ETF

Several institutional investors have recently modified their holdings of the company. Dupree Financial Group LLC lifted its holdings in shares of Fidelity Total Bond ETF by 1.6% in the fourth quarter. Dupree Financial Group LLC now owns 14,135 shares of the company’s stock valued at $651,000 after buying an additional 219 shares during the period. Quadrant Capital Group LLC lifted its holdings in shares of Fidelity Total Bond ETF by 0.6% in the third quarter. Quadrant Capital Group LLC now owns 38,010 shares of the company’s stock valued at $1,758,000 after buying an additional 220 shares during the period. RWA Wealth Partners LLC lifted its holdings in shares of Fidelity Total Bond ETF by 2.6% in the third quarter. RWA Wealth Partners LLC now owns 9,628 shares of the company’s stock valued at $445,000 after buying an additional 241 shares during the period. Signature Equity Partners LLC lifted its holdings in shares of Fidelity Total Bond ETF by 5.4% in the first quarter. Signature Equity Partners LLC now owns 4,739 shares of the company’s stock valued at $216,000 after buying an additional 244 shares during the period. Finally, GWN Securities Inc. lifted its holdings in shares of Fidelity Total Bond ETF by 1.3% in the third quarter. GWN Securities Inc. now owns 21,992 shares of the company’s stock valued at $1,017,000 after buying an additional 277 shares during the period.

About Fidelity Total Bond ETF

The Fidelity Total Bond ETF (FBND) is an exchange-traded fund that is based on the Bloomberg U.S. Universal Bond index. The fund is an actively managed broad market bond fund that uses the Barclays US Universal Bond Index to guide its sector allocation and duration exposure. FBND was launched on Oct 6, 2014 and is managed by Fidelity.