Fidelity Low Duration Bond ETF (NASDAQ:FLDB) Sees Large Decline in Short Interest

Fidelity Low Duration Bond ETF (NASDAQ:FLDB) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 2,528 shares, a drop of 85.3% from the August 15th total of 17,160 shares. Based on an average trading volume of 7,903 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the company’s stock are sold short.

Fidelity Low Duration Bond ETF Price Performance

FLDB traded up $0.02 during midday trading on Friday, reaching $50.28. The company’s stock had a trading volume of 2,626 shares, compared to its average volume of 7,763. Fidelity Low Duration Bond ETF has a 1 year low of $50.15 and a 1 year high of $50.93. The stock’s 50-day moving average is $50.32 and its 200-day moving average is $50.35.

Fidelity Low Duration Bond ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 28th were issued a $0.167 dividend. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Friday, August 28th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Harmony Asset Management LLC purchased a new position in Fidelity Low Duration Bond ETF in the 1st quarter worth approximately $6,980,000. JPMorgan Chase & Co. boosted its stake in Fidelity Low Duration Bond ETF by 2,138.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 19,472 shares of the company’s stock valued at $982,000 after purchasing an additional 18,602 shares during the last quarter. &PARTNERS bought a new stake in shares of Fidelity Low Duration Bond ETF in the 4th quarter worth $767,000. Cetera Investment Advisers increased its holdings in shares of Fidelity Low Duration Bond ETF by 220.0% in the 4th quarter. Cetera Investment Advisers now owns 17,652 shares of the company’s stock worth $889,000 after purchasing an additional 12,136 shares in the last quarter. Finally, Jane Street Group LLC raised its stake 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 worth $1,019,000 after purchasing an additional 10,579 shares during the last quarter.

About Fidelity Low Duration Bond ETF

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.