Fidelity Total Bond ETF (NYSEARCA:FBND) Short Interest Down 80.6% in July

Fidelity Total Bond ETF (NYSEARCA:FBND) was the target of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 206,655 shares, a decrease of 80.6% from the July 15th total of 1,064,529 shares. Based on an average trading volume of 2,888,021 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in FBND. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Fidelity Total Bond ETF by 3.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 92,442,810 shares of the company’s stock valued at $4,256,067,000 after buying an additional 2,925,667 shares during the period. Morgan Stanley raised its holdings in Fidelity Total Bond ETF by 16.2% in the 4th quarter. Morgan Stanley now owns 34,716,320 shares of the company’s stock valued at $1,598,339,000 after acquiring an additional 4,830,198 shares in the last quarter. Bank of America Corp DE raised its holdings in Fidelity Total Bond ETF by 6.3% in the 1st quarter. Bank of America Corp DE now owns 14,706,838 shares of the company’s stock valued at $670,926,000 after acquiring an additional 871,672 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Fidelity Total Bond ETF by 25.8% during the 4th quarter. JPMorgan Chase & Co. now owns 11,574,323 shares of the company’s stock valued at $532,882,000 after acquiring an additional 2,374,913 shares during the period. Finally, LPL Financial LLC lifted its position in shares of Fidelity Total Bond ETF by 25.2% during the 4th quarter. LPL Financial LLC now owns 9,387,074 shares of the company’s stock valued at $432,181,000 after acquiring an additional 1,887,404 shares during the period.

Fidelity Total Bond ETF Stock Performance

NYSEARCA:FBND traded down $0.09 during mid-day trading on Friday, reaching $44.95. 2,374,455 shares of the company’s stock were exchanged, compared to its average volume of 2,909,542. Fidelity Total Bond ETF has a one year low of $44.65 and a one year high of $46.86. The business’s fifty day simple moving average is $45.26 and its two-hundred day simple moving average is $45.66. The firm has a market capitalization of $27.23 billion, a PE ratio of 8.94 and a beta of 0.27.

Fidelity Total Bond ETF Company Profile

The Fidelity Total Bond ETF (FBND) is an exchange-traded fund that is based on the Bloomberg U.S. Universal Bond index. The fund is an actively managed broad market bond fund that uses the Barclays US Universal Bond Index to guide its sector allocation and duration exposure. FBND was launched on Oct 6, 2014 and is managed by Fidelity.