Fidelity Limited Term Bond ETF (NYSEARCA:FLTB – Get Free Report) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 8,814 shares, a drop of 42.9% from the May 31st total of 15,427 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 78,585 shares, the days-to-cover ratio is currently 0.1 days.
Fidelity Limited Term Bond ETF Stock Up 0.1%
Shares of FLTB traded up $0.05 during trading hours on Thursday, reaching $50.13. 52,951 shares of the company traded hands, compared to its average volume of 49,222. 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 market capitalization of $411.07 million, a P/E ratio of 31.73 and a beta of 0.11. The business has a fifty day moving average price of $50.24 and a 200-day moving average price of $50.51.
Institutional Trading of Fidelity Limited Term Bond ETF
Several large investors have recently made changes to their positions in the company. Spire Wealth Management acquired a new position in shares of Fidelity Limited Term Bond ETF during the 4th quarter worth approximately $35,000. Garton & Associates Financial Advisors LLC purchased a new position in shares of Fidelity Limited Term Bond ETF during the 4th quarter worth approximately $40,000. Investment Research & Advisory Group Inc. acquired a new stake in Fidelity Limited Term Bond ETF in the 4th quarter valued at approximately $41,000. Root Financial Partners LLC acquired a new stake in Fidelity Limited Term Bond ETF in the 1st quarter valued at approximately $68,000. Finally, Rockefeller Capital Management L.P. raised its position in Fidelity Limited Term Bond ETF by 50.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,571 shares of the company’s stock valued at $80,000 after purchasing an additional 525 shares during the period. 2.01% of the stock is currently owned by hedge funds and other institutional investors.
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.
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