Short Interest in Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) Increases By 67.8%

Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 15,427 shares, a growth of 67.8% from the May 14th total of 9,195 shares. Based on an average trading volume of 54,785 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Investors Weigh In On Fidelity Limited Term Bond ETF

Several large investors have recently modified their holdings of FLTB. Jones Financial Companies Lllp increased its holdings in shares of Fidelity Limited Term Bond ETF by 1,269.0% in the first quarter. Jones Financial Companies Lllp now owns 6,270 shares of the company’s stock worth $314,000 after acquiring an additional 5,812 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Fidelity Limited Term Bond ETF by 315.5% in the first quarter. Jane Street Group LLC now owns 33,976 shares of the company’s stock worth $1,702,000 after acquiring an additional 25,798 shares in the last quarter. Focus Partners Wealth increased its holdings in shares of Fidelity Limited Term Bond ETF by 3,043.4% in the first quarter. Focus Partners Wealth now owns 20,118 shares of the company’s stock worth $1,008,000 after acquiring an additional 19,478 shares in the last quarter. Cetera Investment Advisers bought a new stake in shares of Fidelity Limited Term Bond ETF in the second quarter worth about $518,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Fidelity Limited Term Bond ETF by 8.5% in the second quarter. JPMorgan Chase & Co. now owns 11,695 shares of the company’s stock worth $589,000 after acquiring an additional 916 shares in the last quarter. 2.01% of the stock is currently owned by institutional investors.

Fidelity Limited Term Bond ETF Price Performance

Shares of Fidelity Limited Term Bond ETF stock remained flat at $50.26 during trading hours on Tuesday. The company’s stock had a trading volume of 35,061 shares, compared to its average volume of 49,954. Fidelity Limited Term Bond ETF has a 12 month low of $49.98 and a 12 month high of $51.15. The stock has a 50 day simple moving average of $50.30 and a 200 day simple moving average of $50.55. The company has a market capitalization of $392.03 million, a P/E ratio of 31.81 and a beta of 0.11.

Fidelity Limited Term Bond ETF Company Profile

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.