Short Interest in Fidelity Corporate Bond ETF (NYSEARCA:FCOR) Expands By 57.3%

Fidelity Corporate Bond ETF (NYSEARCA:FCOR) was the target of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 21,901 shares, an increase of 57.3% from the May 14th total of 13,922 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 35,171 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On Fidelity Corporate Bond ETF

Several hedge funds have recently added to or reduced their stakes in FCOR. Cetera Investment Advisers boosted its holdings in Fidelity Corporate Bond ETF by 693.4% in the fourth quarter. Cetera Investment Advisers now owns 204,731 shares of the company’s stock valued at $9,792,000 after acquiring an additional 178,926 shares during the last quarter. Kestra Advisory Services LLC boosted its holdings in Fidelity Corporate Bond ETF by 48.4% in the first quarter. Kestra Advisory Services LLC now owns 357,600 shares of the company’s stock valued at $16,854,000 after acquiring an additional 116,695 shares during the last quarter. OneDigital Investment Advisors LLC boosted its holdings in 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 acquiring an additional 79,842 shares during the last quarter. Jaffetilchin Investment Partners LLC boosted its holdings in Fidelity Corporate Bond ETF by 99.6% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 117,716 shares of the company’s stock valued at $5,630,000 after acquiring an additional 58,744 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in Fidelity Corporate Bond ETF in the second quarter valued at about $2,252,000.

Fidelity Corporate Bond ETF Price Performance

Fidelity Corporate Bond ETF stock traded up $0.09 during mid-day trading on Tuesday, hitting $47.35. The stock had a trading volume of 29,246 shares, compared to its average volume of 37,906. The stock has a 50-day simple moving average of $47.25 and a two-hundred day simple moving average of $47.66. Fidelity Corporate Bond ETF has a 12 month low of $46.57 and a 12 month high of $48.79.

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.