Fidelity Low Duration Bond ETF (NASDAQ:FLDB) Short Interest Update

Fidelity Low Duration Bond ETF (NASDAQ:FLDB) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 1,636 shares, a decline of 82.5% from the June 30th total of 9,355 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 6,347 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On Fidelity Low Duration Bond ETF

A number of large investors have recently added to or reduced their stakes in FLDB. Harmony Asset Management LLC acquired a new stake in Fidelity Low Duration Bond ETF during the 1st quarter valued at $6,980,000. JPMorgan Chase & Co. raised its position in shares of Fidelity Low Duration Bond ETF by 9.0% in the third quarter. JPMorgan Chase & Co. now owns 21,231 shares of the company’s stock valued at $1,073,000 after purchasing an additional 1,759 shares during the period. Jane Street Group LLC raised its position in shares of Fidelity Low Duration Bond ETF by 110.0% in the second quarter. Jane Street Group LLC now owns 20,195 shares of the company’s stock valued at $1,019,000 after purchasing an additional 10,579 shares during the period. Cetera Investment Advisers lifted its stake in shares of Fidelity Low Duration Bond ETF by 220.0% during the 4th quarter. Cetera Investment Advisers now owns 17,652 shares of the company’s stock worth $889,000 after buying an additional 12,136 shares during the last quarter. Finally, &PARTNERS bought a new stake in shares of Fidelity Low Duration Bond ETF during the 4th quarter worth about $767,000.

Fidelity Low Duration Bond ETF Trading Up 0.1%

Fidelity Low Duration Bond ETF stock traded up $0.04 during midday trading on Friday, reaching $50.37. 1,782 shares of the company’s stock were exchanged, compared to its average volume of 7,313. The stock’s 50-day simple moving average is $50.33 and its 200 day simple moving average is $50.39. Fidelity Low Duration Bond ETF has a 52 week low of $50.15 and a 52 week high of $50.93.

Fidelity Low Duration Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 29th were paid a dividend of $0.17 per share. The ex-dividend date was Monday, June 29th. This represents a c) annualized dividend and a dividend yield of 4.1%. This is an increase from Fidelity Low Duration Bond ETF’s previous monthly dividend of $0.16.

Fidelity Low Duration Bond ETF Company Profile

The Fidelity Low Duration Bond ETF (FLDB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of investment-grade, domestic and foreign fixed income securities with broad maturities. It aims to maintain a dollar-weighted average portfolio maturity of two years or less, and duration of one year or less. FLDB was launched on Feb 22, 2024 and is issued by Fidelity.