Fidelity Limited Term Bond ETF (NYSEARCA:FLTB – Get Free Report) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 26,593 shares, an increase of 201.7% from the June 15th total of 8,814 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 40,502 shares, the days-to-cover ratio is presently 0.7 days.
Institutional Investors Weigh In On Fidelity Limited Term Bond ETF
Institutional investors and hedge funds have recently modified their holdings of the stock. Holos Integrated Wealth LLC purchased a new position in Fidelity Limited Term Bond ETF in the 4th quarter worth about $8,270,000. Savant Capital LLC lifted its stake in Fidelity Limited Term Bond ETF by 83.3% during the fourth quarter. Savant Capital LLC now owns 34,660 shares of the company’s stock valued at $1,756,000 after buying an additional 15,752 shares in the last quarter. Resolute Capital LLC purchased a new stake in Fidelity Limited Term Bond ETF during the fourth quarter valued at about $561,000. Clearwave Capital LLC acquired a new position in shares of Fidelity Limited Term Bond ETF in the fourth quarter worth about $1,321,000. Finally, Hoxton Planning & Management LLC acquired a new position in shares of Fidelity Limited Term Bond ETF in the first quarter worth about $810,000. 2.01% of the stock is owned by institutional investors and hedge funds.
Fidelity Limited Term Bond ETF Stock Performance
Shares of NYSEARCA FLTB traded up $0.08 during trading on Tuesday, hitting $50.06. The company had a trading volume of 33,934 shares, compared to its average volume of 48,262. Fidelity Limited Term Bond ETF has a 52 week low of $49.95 and a 52 week high of $51.15. The business’s 50-day moving average is $50.19 and its 200 day moving average is $50.46. The company has a market cap of $415.50 million, a P/E ratio of 31.68 and a beta of 0.11.
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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